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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