Question: For the cash flows given below, find the ERR when the external reinvestment rate is = 12% (equal to the MARR). Year 0 1 2

For the cash flows given below, find the ERR when the external reinvestment rate is = 12% (equal to the MARR).

Year

0

1

2

3

4

Cash Flow

-$15,000

-$7,000

$10,000

$10,000

$10,000

NOTE: Please solve it in detail steps for my understanding --

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