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Lawrence Corp. is considering the purchase of a new piece of equipment. When discounted at a hurdle rate of 9%, the project has a net

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Lawrence Corp. is considering the purchase of a new piece of equipment. When discounted at a hurdle rate of 9%, the project has a net present value of $24,670. When discounted at a hurdle rate of 11%, the project has a net present value of ($28,950). The internal rate of return of the project is: 0 between 9% and 11% 0 between zero and 9% 0 greater than 11% 0 zero

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