The Golden Goose Is Considering a Project with an Initial

question 73

Multiple Choice

The Golden Goose is considering a project with an initial cost of $46,700.The project will produce cash inflows of $10,000 a year for the first two years and $12,000 a year for the following three years.What is the payback period?

• A)2.87 years
• B)3.23 years
• C)3.41 years
• D)3.79 years
• E)4.23 years

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Definitions:

Steady Progression

The consistent and gradual advancement or development in a particular project, skill, or process over time.

Different Font Sizes

The use of varying sizes of typography in a document or presentation to enhance readability, emphasize importance, or create visual interest.

Action Verbs

Verbs that express specific, dynamic actions, often used in resumes and professional writing to convey effective execution of tasks.

Short, Concrete Nouns

Brief, specific words that name tangible objects, people, or places.