Question: please solve with detiles i want full answer Question 1 [1 Mark] An investment with a first cost of $100,000 resulted in an income of
Question 1 [1 Mark] An investment with a first cost of $100,000 resulted in an income of $5,000 per year for 8 years and an extra income of $140,000 in year 7 . There is no salvage value for this investment. Find the ROR for this investment. (a) Hand calculations (b) Spreadsheet Function (RATE or IRR) (c) If the MARR =12%, should the company invest in this project
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