Question
A Project pays off $2960 right away, has $5614 in costs at the end of the second year, and again pays off $3819 at the
A Project pays off $2960 right away, has $5614 in costs at the end of the second year, and again pays off $3819 at the end of the third year. If the MARR is 27%, what is the project's approximate ERR ?
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Economics of Money, Banking and Financial Markets
Authors: Frederic S. Mishkin
9th Edition
978-0321607751, 9780321599797, 321607759, 0321599799, 978-0321598905
