Union Atlantic Corporation, which has a required rate of return equal to 13 percent, is evaluating a capital budge budgeting manager has determined that the project's net present value is $10,699. According to this information, The project should be purchased by Union Atlantic. The project's discounted payback must be less than its economic life. The project's internal rate of return (IRR) must be less than 13 percent. All of these statements are correct. None of these statements is correct. rate of retum equal to 13 percent, is evaluating a capital budgeting project that has the following characteristics shown in the tabie beicow. Union Aliantle's capital ucts not present value is $10,699. According to this information, which of the following statements is correct? Attantio. ess than its economic lifs ust be less this 13 percest