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When a capital budgeting project has an NPV of zero, what does this mean? The projects IRR will be less than the required hurdle rate

When a capital budgeting project has an NPV of zero, what does this mean?

The projects IRR will be less than the required hurdle rate for the project

The firms stockholders will earn a positive return, but it will be less than their required return, given the risk of the investment

The firms stockholders will earn a negative return

The firms security holders will earn their required rate of return, given the risk of the investment

none of the above

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