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NEED ANSWER ASAP. A manufacturing plant is to purchase a new equipment worth P50,000. Revenues for the first three years is P20,000, while expenses for

NEED ANSWER ASAP.

image text in transcribed A manufacturing plant is to purchase a new equipment worth P50,000. Revenues for the first three years is P20,000, while expenses for the same years will be P5,000. A year later, revenues surpassed expenses by P15,000 and will last for three years. Determine the ERR of the project is MARR is 18% and =15%

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