Given the cash flow below, calculate the External Rate of Return when MARR = 12%. Ans xx.x%
Year | Cash Flow |
0 | $-190,000 |
1 | $-40,000 |
2 | $76,000 |
3 | $107,000 |
4 | $123,000 |
5 | $140,000 |
Please answer using excel and have formulas posted.
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