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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Principles Of Engineering Economic Analysis

ISBN: 9781118163832

6th Edition

Authors: John A. White, Kenneth E. Case, David B. Pratt

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