An oil company is considering changing the size of a small pump that is currently operational in
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TABLE ST7.4
If the firm's MARR is known to be 20%, what do you recommend based on the IRR criterion?
MARRMinimum Acceptable Rate of Return (MARR), or hurdle rate is the minimum rate of return on a project a manager or company is willing to accept before starting a project, given its risk and the opportunity cost of forgoing other...
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