Amazing Corp, whose required rate of return is 10%, is considering the purchase of a new piece of equipment. The internal rate of return of the project, which has a life of 8 years, is 12%. The project would have an accounting rate of return greater than 10%. a payback period more than 8 years a net present value of nero, a net present value greater than zero. Question 49 The internal rate of return is a measure of 3 pts the rate actually earned by the project, considering the time value of money, the firm's cost of capital the rate used to discount the future cash flows to reflect the time value of money, the rate actually earned by the project, based on accounting income