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HW8_IRR (Internal Rate of Return) and Payback Period_EngEconomics
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IRR (Internal Rate of Return) and Payback Period are two common methods used to evaluate the financial viability of a project. 
 
IRR is a financial metric used to determine the rate at which the net present value (NPV) of a project equals zero. It represents the discount rate at which the present value of the expected cash inflows equals the present value of the expected cash outflows. A project is considered financially viable if its IRR is greater than the required rate of return. In other wo...
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HW6_Uniform and Geometric Gradients_EngEconomics
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Uniform gradients are cash flows in which the payment or receipt is the same amount for each period. For example, a uniform gradient might be a series of annual payments of $10,000 over the next five years. Engineers use uniform gradient calculations to evaluate investments and financial decisions with constant cash flows. They can use the present worth factor to calculate the value of a uniform gradient, taking into account the time value of money and the interest rate. 
 
Geometric gradients, ...
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HW_questions_Chap8to12_Engineering Economics
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Provide questions for homework solutions in another files from chapter to 8 chapter 12
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HW_questions_Chap2 to7_Engineering Economics.pdf
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Provide questions for homework solutions in another files from chapter 2 to chapter 7
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