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Acme Inc. uses a 12% discount rate in making capital budgeting decisions. Acme is considering a project that has a net present value of $75,000.

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Acme Inc. uses a 12% discount rate in making capital budgeting decisions. Acme is considering a project that has a net present value of $75,000. What is the project's internal rate of return? Less than 12% Equal to 12% Less than or equal to 12% Greater than 12% None of the above

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