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If a project has a negative net present value, the internal rate of return will be equal to the discount rate. less than the discount rate. a negative rate of return. greater than the discount rate. A company is considering purchasing factory equipment that costs $480000 and is estimated to have no salvage value at the end of its 8-year useful life. If the equipment is purchased, annual revenues are expected to be $120600 and annual operating expenses exclusive of depreciation expense are expected to be $39000. The straight-line method of depreciation would be used. If the equipment is purchased, the annual rate of return expected on this equipment is 4.5%. O 17.0%. 9.0%. 34.0%