Lawrence Corp. is considering the purchase of a new piece of equipment. When discounted at a hurdle
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Question:
Lawrence Corp. is considering the purchase of a new piece of equipment. When discounted at a hurdle rate of 10%, the project has a net present value of $24,630. When discounted at a hurdle rate of 15%, the project has a net present value of ($28,960). The internal rate of return of the project is:
a. between 10% and 15%
b. greater than 15%
c. between zero and 10%
d. zero
Related Book For
Engineering Economy
ISBN: 978-0132554909
15th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
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