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Consider the following two investment opportunities: MARR =10% Year 0 1 2 3 4 5 6 7 8 Option 1 -$800 $215 $215 $215 $215
Consider the following two investment opportunities: MARR =10%
| Year | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Option 1 | -$800 | $215 | $215 | $215 | $215 | $215 | $215 | $215 | $215 |
| Option 2 | -$800 | $ 25 | $ 25 | $ 25 | $ 25 | $ 25 | $ 25 | $ 25 | $750 |
- Calculate the approximate External Rate of Return (ERR) for Option 1 and 2
| A. ERR110%; | ERR21%; |
| B. ERR115%; | ERR23%; |
| C. ERR115%; | ERR210%; |
| D. ERR124%; | ERR210%; |
| E. ERR124%;
| ERR234%; |
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