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Grace Corp., whose required rate of return is 18%, is considering the purchase of a...

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Accounting

Grace Corp., whose required rate of return is 18%, is considering the purchase of a new piece of equipment. The internal rate of return of the project, which has a life of 10 years, is 22%. The project would have:

a net present value greater than zero.

a net present value of zero.

a payback period more than 10 years.

an accounting rate of return greater than 18%.

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