Internal rate of return of the project

Reference no: EM13146985

Minne Corp is considering the purchase of a new piece of equipment. When discounted at a hurdle rate of 8%, the project has a net present value of $24,580. When discounted at a hurdle rate of 10%, the project has a net present value of ($28,940). The internal rate of return of the project is :

a. zero.

b. between zero and 8%.

c. between 8% and 10%.

d. greater than 10%.

Reference no: EM13146985

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