7. (15 Marks) You are considering the following project: It pays you $5,000 at the end of the first year, costs $12,700
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7. (15 Marks) You are considering the following project: It pays you $5,000 at the end of the first year, costs $12,700
7. (15 Marks) You are considering the following project: It pays you $5,000 at the end of the first year, costs $12,700 by the end of the second year and brings $7,950 a year after. What is the project's internal rate of return(s), exact external rate of return and the approximate external rate of return if current MARR is 15%?
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