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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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