According to the 1977 study by Gitman and Forrester, the single most commonly used capital budgeting technique among the firms surveyed was the internal rate of return method.

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The given statement explicitly states that the internal rate of return method was the single most commonly used capital budgeting technique among the firms surveyed in the 1977 study by Gitman and Forrester.

According to the 1977 Study by Gitman and Forrester, the Single