Find the rate of return by trial and error method

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Question 1: A group of students from electrical engineering department (BUKC), have requested that Rs.500,000 be spent now during installation of software and hardware to improve the efficiency of power control systems. This is expected to save Rs.10,000 per year for 10 years in energy costs and Rs.700,000 at the end of 10 years in equipment refurbishment cost. Find the rate of return by trial and error method? (MARR = 4%)

Reference no: EM132564347

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