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A remotely situated fuel cell has an installed cost of $3,000 and will reduce existing surveillance expenses by $450 per year for 14 years. The

A remotely situated fuel cell has an installed cost of $3,000 and will reduce existing surveillance expenses by $450 per year for 14 years. The salvage (market) value after 14 years is $400. The border security agency's external investment rate is the same as its MARR at 8% per year. What is the ERR of the project

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