Question: Please help with the using of the ERR method not the IRR, thank you Your company is considering a project which requires a $30,000 initial

Please help with the using of the ERR method not the IRR, thank you

Please help with the using of the ERR method not the IRR,

Your company is considering a project which requires a $30,000 initial investment with a predicted salvage value at the end of its six year useful life of $8,000. You expect an annual return of $6,000 for the six year study period. Additionally, the equipment will require an overhaul costing $1,000 at the end of the third year. Evaluate the project using the IRR method and a MARR of 8.5%. For the project described in problem 2, use the ERR method to evaluate the project

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