11- A project requires an initial cost of $15432.00. It results in savings that start at $2000.00 at the end of the 2nd year and the savings increase by $1000.00 every year from then on until the end of 6 years. What is the rate of return on this project? a)  6% b)  7% c)  8% d)  9%

ENGR.ECONOMIC ANALYSIS
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11- A project requires an initial cost of $15432.00. It results in savings that start at $2000.00 at the end of the 2nd year and the savings increase by $1000.00 every year from then on until the end of 6 years. What is the rate of return on this project?

  1. a)  6%

  2. b)  7%

  3. c)  8%

  4. d)  9%

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