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26-27: Suppose we have a simple projection of a project with an initial investment of $1,000. The project is assumed to be completed in three

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26-27: Suppose we have a simple projection of a project with an initial investment of $1,000. The project is assumed to be completed in three years with cash inflows shown below. The company uses a MARR of 10%. What is the external rate of return? Year Cash flow 1 $400 2 $600 3 $300 What is the IRR? 13.25% 16.81% 14.92% 15.45% What is the ERR? 13.78% 14.57% 13.08% 15.00%

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