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will be P81,000 per year. Taxes and insurance will be 4% of the first cost per year. The company expects capital to earn not less

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will be P81,000 per year. Taxes and insurance will be 4% of the first cost per year. The company expects capital to earn not less than 25% before income taxes. Determine the ERR of the project. a. 23.7% b. 24.5% c. 25.9% d. 22.4%

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