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A project pays off $ 2 , 4 1 6 right away, has $ 5 , 7 2 4 in costs at the end of

A project pays off $

2, 416

right away, has $

5, 724

in costs at the end of the second year and again pays off

3, 953

at the end of the third year. If MARR is

21 %,

what is the project's approximate ERR? Give your answer in percentages and keep two decimal places.

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