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A remotely situated fuel cell has an installed cost of $1,500 and will reduce existing surveillance expenses by $450 per year for 10 years. The

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A remotely situated fuel cell has an installed cost of $1,500 and will reduce existing surveillance expenses by $450 per year for 10 years. The salvage (market value after 10 years is $550. The border security agency's external investment rate is the same as its MARR at 12% per year. What is the ERR of the project

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