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A company has the opportunity to take over a redevelopment project in an industrial area of a city. No Immediate investment is required, But it

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A company has the opportunity to take over a redevelopment project in an industrial area of a city. No Immediate investment is required, But it must raze the existing buildings over a 4 year period and at the end of the fourth year, invest dollor 2.4 million dollars for new construction. It will collect all revenues and pay all costs for a period of 10 years, at which time the entire project and properties thereon, will revert to the city. The net cash flows are estimated to be as follows: Tabulate the PW vs the interest rate and determine whether multiples IRRS exists. If so, use the ERR methof when epsilon = 8% per year to determine a rate of return

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