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An engineer who works for Zpac is pitching a project for a new machine to his management. Zpacs MARR is 12%. To finance this project,
An engineer who works for Zpac is pitching a project for a new machine to his management. Zpacs MARR is 12%. To finance this project, Zpac would have to invest $34,000 immediately and then $5000 each year for the next five years starting one year from now. The project is expected to generate revenue of $10000 one year from now, and then the revenue would increase by $2000 each year through year 4. The revenue in year 5 would be $24,000. a. Determine the rate of return for this project by hand NOT EXCEL please
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