Question: Please explain how to get to the answer 5) An investment of $715 for a special machine can give you an income of $20 per

Please explain how to get to the answer

5) An investment of $715 for a special machine can give you an income of $20 per 6 months for the next 20 years. The machine has the salvage value of $1000. Find the effective or actual ROR of this investment/year, if MARR=6%, will you implement this project. i=6.713%/ year

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