A mining company plans to mine a beach for rutile. To do so will cost $14 million up front and then produce cash flows of $7 million per year for five years. At the end of the sixth year the company will incur shut-down and clean-up costs of $6 million

If the cost of capital is 13.0%, then what is the MIRR for this project?
A) -60.97%
B) -78.39%
C) -87.10%
D) -95.81%

Answer: C

Business

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An interest-sensitive life insurance policyowner may be able to withdraw the policy's cash value interest free. The provision that allows this is called

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The scientific method requires that theories be used to inspire _____

A. auditing B. hypotheses C. experience D. verification E. intuition

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