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An investor is considering a project that will generate $900,000 per year for four years. In...

An investor is considering a project that will generate $900,000 per year for four years. In addition to the upfront costs of $2 million, at the completion of the project at the end of the fifth year there will be shut-down costs of $400,000. If the cost of capital is 4.4%, what is the MIRR of this project?

A) 9.52%

B) 8.89%

C) 12.34%

D) 11.57%

E) 12.45%

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