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Engineering Economy 16th Edition by William Sullivan ,Elin Wicks, Koelling,
Edition 16ISBN: 978-0133439274Engineering Economy 16th Edition by William Sullivan ,Elin Wicks, Koelling,
Edition 16ISBN: 978-0133439274 Exercise 1
Use the ERR method with = 8% per year to solve for a unique rate of return for the following cashflow diagram. How many IRRs (the maximum) are suggested by Descartes' rule of signs 
Explanation
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Determine the unique rate of return by u...
Engineering Economy 16th Edition by William Sullivan ,Elin Wicks, Koelling,
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