Problem No.2 Majestic Aircraft Company (MAC) is a manufacturer of single engine, high performance turboprop aircraft. MAC is considering purchasing composite wing xtures for the assembly of its signature aircraft. The cost of the assembly system is $3 million with life expectancy of 10 years, annual operating cost of $200,000 with zero salvage value. MAC anticipates a stream of $1,000,000 in revenue per year for 10 years from this project. Assuming MAC uses a MARR of 10 percent, and s=14% is this investment economically justied? Calculate the ERR. What is the ERR for problem no.2? \