Question: In a capital budgeting decision using the net present value method and a 1 0 percent discount rate, what does a net present value equal

In a capital budgeting decision using the net present value method and a 10 percent discount rate, what does a net present value equal to zero indicate?
Multiple choice question.
The proposals rate of return is either lower than or greater than 10 percent.
The proposal's rate of return exceeds 10 percent.
The proposal's rate of return is equal to the minimum rate required.
The proposal's rate of return is less than 10 percent.

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