If a project has an initial investment of $20,000 and consecutive yearly cash inflows of $5,000, $8000, $10,000 and $7,000, respectively, what is its payback period?
A. 2 years
B. 2.5 years
C. 2.7 years
D. 3 years
C. 2.7 years
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Why do banks create money? Do they create money to help the Federal Reserve control the money supply or is there a more basic reason?
What will be an ideal response?
A Roth IRA differs from a traditional IRA in that
A. the Roth IRA allows for savings towards retirement. B. the Roth IRA is phased out at certain income levels. C. the Roth IRA is not tax deductible at the time it is deposited. D. all of these answer options are correct.
Preferred Budgets ($ in millions)45678910Number of voters (in thousands)516253022193Table 15.3Table 15.3 shows the preferred budget for a new performance center and the number of voters in a community who prefer that budget. If Dawn proposed $5 million while Terry proposed $9 million, Dawn will get ________ thousand votes while Terry gets ________ thousand votes.
A. 46; 44 B. 46; 74 C. 61; 59 D. 76; 44
If the price of oil rises, producers of oil will
A. increase the quantity of oil supplied. B. supply less oil. C. cut the price. D. leave the amount of oil supplied unchanged.