Question: 5-A-1. Use the ERR method with =8% per year to solve for a unique rate of return for the following cash-flow diagram. How many IRRs

5-A-1. Use the ERR method with ∈=8% per year to solve for a unique rate of return for the following cash-flow diagram. How many IRRs (the maximum) are suggested by Descartes’ rule of signs?

0 1

2

$235

$360

$50 3

$180 MARR 5 8%/yr End of Year

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