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ScramblerCo has received an advance of $25,000 on a materials testing project. The company will spend $120,000 at the end of this year and then

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ScramblerCo has received an advance of $25,000 on a materials testing project. The company will spend $120,000 at the end of this year and then receive $100,000 at the end of the second year. Its MARR is 10%. (a) Calculate the acurate ERR. (5 marks) (b) Calculate the approximate ERR

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