Use the ERR method incrementally to decide whether project A or project B should be recommended. These

Question:

Use the ERR method incrementally to decide whether project A or project B should be recommended. These are two mutually exclusive cost alternatives, and one of them must be selected. The is 5% per year. Assume repeatability is appropriate for this comparison.

MARR
Minimum Acceptable Rate of Return (MARR), or hurdle rate is the minimum rate of return on a project a manager or company is willing to accept before starting a project, given its risk and the opportunity cost of forgoing other...