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Hello, Kindly, solve it step by step, I need to understand how to find IRR & ERR for the above question. Thank you. The subject

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Hello,

Kindly, solve it step by step, I need to understand how to find IRR & ERR for the above question. Thank you.

The subject is Advanced Engineering Economics.

6.5. Determine which of the independent (nonrepeating) investment opportunities shown in the accompanying table are economically worthwhile. Use a MARR of 10%, a study period of 5 years, and (a) the IRR method, (b) the ERR method

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