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Consider a project with an initial investment of $30,000, annual revenues of $7,000 for the six year useful life, a salvage value of $5,000, and

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Consider a project with an initial investment of $30,000, annual revenues of $7,000 for the six year useful life, a salvage value of $5,000, and a planned overhaul cost of $12,000 at the end of the third year. Evaluate the project using both IRR and ERR

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