Lanny Sterling is considering an investment in a solar-powered irrigation system manufacturer. The initial investment is $100,000. He expects to receive cash income of $50,000 a year. What is the payback period?
A) 1 year
B) 1.5 years
C) 2 years
D) 2.5 years
E) 3 years
C
Business
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Fill in the blank(s) with correct word
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A discount amortization does not affect the amount of cash paid for bond interest
a. True b. False Indicate whether the statement is true or false
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. Referring to Table 2.1, the United Kingdom has a comparative advantage in the production of
a. cloth. b. wine. c. both cloth and wine d. neither cloth nor wine.
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Indicate whether the statement is true or false
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