3 EXTERNAL RATE OF RETURN (5 points) J&R Wealth is considering an investment with the following cash flow: EOY Cash Flow
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3 EXTERNAL RATE OF RETURN (5 points) J&R Wealth is considering an investment with the following cash flow: EOY Cash Flow
3 EXTERNAL RATE OF RETURN (5 points) J&R Wealth is considering an investment with the following cash flow: EOY Cash Flow 0 $500,000 1-10 $92,500/year 10 $50,000 If MARR is 12%, what is the ERR? Is this project acceptable?