Question 23 2 Points Hurdle rate is defined as management's minimum desired rate of return on an investment; also called the discount rate and required rate of return. Assume that Ernest Corporation has a required hurdle rate of 14% for all new investments. What does this hurdle rate mean? B All potential investments with an IRR less than 14% will be accepted. All potential investments with an IRR of 14% or higher will be accepted. If a potential investment has an IRR of 14% or higher, it will not be considered. If a potential investment has an IRR less than 14%, it will be analyzed further.