Question: You are getting ready to start a new project that will incur some cleanup and shutdown costs when it is completed. The project costs $5.31

You are getting ready to start a new project that will incur some cleanup and shutdown costs when it is completed. The project costs $5.31 million up front and is expected to generate $1.15 million per year for 10 years and then have some shutdown costs at the end of 10th year . Use the MIRR approach to find the maximum shutdown costs you could incur and still meet your cost of capital of 14.8% on this project.

Please use excel and show the formula text. Also can you use NPV for this problem? and should i be putting a negative for the year 0 CF (5.31 million)

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