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You are to present a proposed capital investment project to your board of directors. The project has a NPV of $12,000 and an IRR of

You are to present a proposed capital investment project to your board of directors. The project has a NPV of $12,000 and an IRR of 12%. The firm's required return is 10%. You are to convey your proposal to the board in a single paragraph. Remember, your job is to convince the board to either accept or reject the project, whichever you feel is appropriate given this information. What should that paragraph be?

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