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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 53
Use the modified rate of return approach with an investment rate of 18% per year and a borrowing rate of 10% to find the external rate of return for the following cash flows. 
Explanation
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When a person or firm has extra cash i.e...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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