Question: Please quick thank you! Angels be with you. A mining company plans to mine a beach for rutile. To do so will cost $15 million

 Please quick thank you! Angels be with you. A mining companyPlease quick thank you! Angels be with you.

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 million per year for five years. At the end of the sixth year the company will incur shut down and clean-up costs of $7 million. If the cost of capital is 14%, then what is the MRR for this project? OA. 24.32% B. 22.1% O C. 15.47% OD, 19.89%

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