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The following.cash-flows-result-from-a-potential construction contract.for.Engineering: 1 i) Receipts-of-$500,000-at-the-start-of-the-contract-and-$1,200,000-at-the-end-of-the-fourth- year. 1 ii) ii) Expenditures-of-$400,000-at-the-end-of-the-first-year-and-$900,000-at-the-end-of-the- second-year. 1 iii) iii).A.net-cash-flow.of-zero-at-the-end-of-the-third-year Calculate the approximate-ERR-of-the-project?-using-the-Goal-Seek-method.in-Excel. I MARR is 10%

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The following.cash-flows-result-from-a-potential construction contract.for.Engineering: 1 i) Receipts-of-$500,000-at-the-start-of-the-contract-and-$1,200,000-at-the-end-of-the-fourth- year. 1 ii) ii) Expenditures-of-$400,000-at-the-end-of-the-first-year-and-$900,000-at-the-end-of-the- second-year. 1 iii) iii).A.net-cash-flow.of-zero-at-the-end-of-the-third-year Calculate the approximate-ERR-of-the-project?-using-the-Goal-Seek-method.in-Excel. I MARR is 10%

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