You are getting ready to start a new project that will


You are getting ready to start a new project that will incur some cleanup and shutdown costs when it is completed. The project costs $ 5.36$5.36 million up front and is expected to generate $ 1.13$1.13 million per year for 1010 years and then have some shutdown costs at the end of year 1111. Use the MIRR approach to find the maximum shutdown costs you could incur and still meet your cost of capital of 14.8 %14.8% on this project.

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Financial Management: You are getting ready to start a new project that will
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