CE o A mining company plans to mine a beach for rutile. To do so...
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CE o A mining company plans to mine a beach for rutile. To do so will cost $15 million up front and then produce cash flows of $8 milion per year for five years. At the end of the sixth year the company will incur shut-down and clean-up costs of 57 million. If the cost of capital is 14%, then what is the MIRR for this project? A - 100% OB-110% OC-90% D. -70%
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