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Lawrence Corp. is considering the purchase of a new piece of equipment. When discounted at a hurdle rate of 14%, 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 14%, the project has a net present value of $24,600. When discounted at a hurdle rate of 19%, the project has a net present value of ($28,990). The internal rate of return of the project is Multiple Choice o o O 2010 between zero and 14% o greater than 19%. o between 1 and 19%

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