problem 24(a): use Excel to find the i* value, then apply net investment test.

problem 24(c): use k = MARR = 18%.

7.24 Consider an investment project whose cash flows are as in Table P7.24. (a) Apply the net investment test. (b) Is this a mixed investment? Then, calculate the RIC at MARR = 16%. TABLE P7.24 n Net Cash Flow 0 -$14,500 1 13,250 2 42,500 3 43,800