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A small company purchased now for $150,000 will lose $1,000 each year for the first three years. An additional $5,000 in the company in the
A small company purchased now for $150,000 will lose $1,000 each year for the first three years. An additional $5,000 in the company in the third year will result in a profit of $25,000 each year from the fourth through the tenth year. At the end of 10 years, the company can be sold for $100,000, MARR = 8% Determine the IRR for this project. Calculate the ERR when e = 6%
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