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Suppose That a Project Pays $5 000 on Odd Years

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Suppose that a project pays $5 000 on odd years and costs $5 000 on even years. If the life of the project is 6 years, what is its approximate external rate of return if the MARR is 10%? Would you accept or reject such a project?

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PW of all benefits at the 10% interest r...

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