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Lawrence Corp. is considering the purchase of a new piece of equipment. When discounted at a hurdle rate of 7%, the project has a net
Lawrence Corp. is considering the purchase of a new piece of equipment. When discounted at a hurdle rate of 7%, the project has a net present value of $24,580. When discounted at a hurdle rate of 9%, the project has a net present value of ($29,000). The internal rate of return of the project is: Multiple Choice zero, greater than 9% between 7% and 9% between zero and 7%
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