Question: 5. An engineering project analyst is contemplating a 3 year project which require an initial investment for equipment of $85,000. It is anticipated that, if

5. An engineering project analyst is
5. An engineering project analyst is contemplating a 3 year project which require an initial investment for equipment of $85,000. It is anticipated that, if no inflation, annual revenues from the project will be $60,000 and annual cash expenses will be $25,000. Market value is $45,000 at the end of 3 years. MARR 10% Compute the IRR by Present Worth using 5% and 30% a. 30% b. 27% c. 28% . 29%

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