Assume that Ernest Corporation has a required hurdle rate of 14% for all new investments. What does
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Assume that Ernest Corporation has a required hurdle rate of 14% for all new investments. What does this hurdle rate mean?
a. All potential investments with an IRR less than 14% will be accepted.
b. All potential investments with an IRR of 14% or higher will be accepted.
c. If a potential investment has an IRR of 14% or higher, it will be analyzed further.
d. If a potential investment has an IRR less than 14%, it will be analyzed further.
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