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 12% , then what is the MIRR for this project? A. 110% B. 70% C. 100% D. 90%.