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Question 7 4.5 pts Hess Company is analyzing a capital budgeting decision involving the purchase of a used truck. The truck will cost $22,000 and
Question 7 4.5 pts Hess Company is analyzing a capital budgeting decision involving the purchase of a used truck. The truck will cost $22,000 and Hess Company has a cost of capital of 12%. The internal rate of return on this investment was calculated as 11%. Which of the following statements would be true regarding this decision? the net present value of the truck investment is greater than zero the truck is an acceptable investment using the internal rate of return method the present value of the cost of buying the truck is less than $22,000 more than one of the above statements are true none of the above statements are true
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