Mary, a project manager for ABC Inc., is reviewing a product quality improvement project. She has determined that the project's Annual Worth of $16,320. for a period of 8 years. She now has to calculate the IRR for the project but unfortunately she has lost some information about the cash flows. She knows only that the project has: a 8-year project life with an initial cost of $250,000. a set of equal revenue cash flows occurred at the end of each year for 8 years, and MARR used for calculation the Annual Worth was 5%. Find the annual revenue first and then calculate the IRR for the project = ? 14% < IRR (i*) < 15% 13% < IRR (i*) < 14% 10% < IRR (i*) < 11% O9% < IRR (i*) < 10% 8% < IRR (i*) < 9% Based on the following cash flows (t=0 to t=4), calculate the Precise (exact) ERR. Assume the MARR is at 10%. t=0, receipts of 10,000. t=1, disbursement of 7,500. t=2, disbursement of 7,500. t=3, no cash flow t=4, receipt of 3,900. 3.3679% 2.0341% 14.5243% 2.7032% 1.3606%