Question: Use ERR method to determine the rate of return for the data provided in the Table below and the reinvestment rate of 6% per year.

Use ERR method to determine the rate of return for the data provided in the Table below and the reinvestment rate of 6% per year. Hint: Use a uniform gradient factor in your solution. Year Expense, Revenue Expense, Revenue 0 140000 ----- 1 30000 45000 2 30000 52000 3 30000 59000 430000 66000 5 30000 73000 6 30000 80000 7 30000 87000 8 30000 94000 930000 101000 10 30000 108000 11 30000 115000 Select one: O A. 17.24% OB. 15.57% O C. 14.00% O D. 16.39% O E. 14.77%

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