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

---

Definitions:

Negative Thoughts

Unfavorable or pessimistic ideas and beliefs that can affect one's mood and behavior.

Evidence

Information or facts presented in support of an assertion, claim, or case.

Rational-Emotive Therapy

A form of psychotherapy that identifies irrational beliefs, challenging and changing these beliefs to more rational ones.

Irrational Beliefs

These are unfounded, untrue, or distorted thought patterns individuals may hold, typically leading to negative emotions or behaviors.