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

Mogul company uses a 12% discount rate is making capital budgeting decisions. Mogul is considering a project that has a net present value of $75,000. What is the project's internal rate of return?

A. Less than 12%

B. Greater than 12%

C. Equal to 12%

D. Less than or equal to 12%

E. None of these

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