Cheryl Peck Purchased a Computer Network for Her Classroom

question 67

Multiple Choice

Cheryl Peck purchased a computer network for her classroom.The computer network cost $100,000.She estimates that she can charge $500 for one session in the classroom.Cheryl knows that enrollment will increase over time.She estimates 50 students the first year,75 students the second year,100 students the third year,and 150 students the fourth year.If her cost of capital is 12 percent,what is the approximate payback period for this investment?

• A)2)75 years
• B)1)19 years
• C)1)87 years
• D)4)00 years

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Definitions:

Chitins

A long-chain polymer of N-acetylglucosamine, a derivative of glucose, and a primary component of the cell walls of fungi and the exoskeletons of arthropods.

Annelids

A phylum of invertebrate animals known as segmented worms, which includes earthworms, leeches, and their relatives, characterized by a segmented body and a coelom.

Two Openings

Refers to organisms with a digestive system that has a distinct mouth and anus, allowing for a one-way flow of food and waste.

Cnidarians

A phylum of aquatic invertebrates known for their distinctive body structure with a jelly-like substance called mesoglea, radial symmetry, and specialized cells called cnidocytes.