When a capital budgeting project has an NPV of zero, what does
this mean?
The project’s IRR will be less than the required hurdle rate for
the project
The firm’s stockholders will earn a positive return, but it will
be less than their required return, given the risk of the
investment
The firm’s stockholders will earn a negative return
The firm’s security holders will earn their required rate of
return, given the risk of the investment
none of the above