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SR 50,000 is invested in a project that gives annual returns of SR 14,000 for 10 years. If MARR is 10% per year. The value

SR 50,000 is invested in a project that gives annual returns of SR 14,000 for 10 years. If MARR is 10% per year. The value of ERR is closest to which of the following: (unit: %)

a) 16.94b) 18.18c) 16.13d) 20.35

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