Consider the IRR and ERR measures of worth. If we define a root to mean a value
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Consider the IRR and ERR measures of worth. If we define a root to mean a value for the measure that results in \(\mathrm{PW}=0\), then which of the following statements is true?
a. Both IRR and ERR can have multiple roots.
b. IRR has only a single root, but ERR can have multiple roots.
c. ERR has only a single root, but IRR can have multiple roots.
d. Both IRR and ERR have only a single root.
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Related Book For
Principles Of Engineering Economic Analysis
ISBN: 9781118163832
6th Edition
Authors: John A. White, Kenneth E. Case, David B. Pratt
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