Question: year CF 0 $ (4,000) 1 $ 16,400 2 $ 22,320 3 $ 10,080 d) Now, using the following formula, calculate the External Rate of

year CF
0 $ (4,000)
1 $ 16,400
2 $ 22,320
3 $ 10,080

d) Now, using the following formula, calculate the External Rate of Return (ERR) of the cashflows above, assuming a yield of 10%

/(1 + )^ = / (1 + )^

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