A mining company plans to mine a beach for rutile to do so, Ask an Expert

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A mining company plans to mine a beach for rutile. To do so will cost $10 million up front and then produce cash flows of $3 million per year for five years. At the end of the sixth year the company will incur shut-down and clean-up costs of $2 million. If the cost of capital is 11%, then what is the MIRR for this project using the discounting method?

A) 8.52% B) 10.92% C) 11.07% D) 12.5%

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91779140

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