Question: Grace Corp, whose required rate of return is 19%, is considering the purchase of a new piece of equipment. The internal rate of return of

Grace Corp, whose required rate of return is 19%, is considering the purchase of a new piece of equipment. The internal rate of return of the project, which has a life of 9 years, is 24%. The project would have

a payback period more than 9 years.

a net present value of zero.

a net present value greater than zero.

an accounting rate of return greater than 19%.

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