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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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