Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Consider the following cash flow profile and assume MARR is 10%/yr. Solve, a. Determine the ERR for this project. b. Is this project economically attractive?
Transcribed Image Text:ΕΟΥ ΝCF ΕΟΥ NCF
-$100 4 $15
1
$15 5
$15
2
$15 6
$15
3
$15
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