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Minne Corp is considering the purchase of a new piece of equipment. When discounted at a hurdle rate of 15%, the project has a net

Minne Corp is considering the purchase of a new piece of equipment. When discounted at a hurdle rate of 15%, the project has a net present value of $24,610. When discounted at a hurdle rate of 19%, the project has a net present value of ($29,030). The internal rate of return of the project is

zero.
greater than 19%.
between zero and 15%.
between 15% and 19%.

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