A student concluded that 8x - 12 = 4 (1/2x - 6) has infinitely many solutions. Which statement best describes the student's conclusion?
• The conclusion is incorrect because the equation has no solution.
• The conclusion is incorrect because there is exactly one solution to the equation.
• The conclusion is correct because there are exactly two solutions to the equation.
• The conclusion is correct because when simplified, both sides of the equation are equivalent.