Garner Inc $$\begin{array} { l c c c c } \text { Year } & 0 & 1 & 2 & 3 \\\hline \text { Cash flows } & - \$ 350 & \$ 200 & \$ 200 & \$ 200\end{array}$$

question 99

Multiple Choice

Garner Inc.is considering a project that has the following cash flow data.What is the project's payback? $$\begin{array} { l c c c c } \text { Year } & 0 & 1 & 2 & 3 \\\hline \text { Cash flows } & - \$ 350 & \$ 200 & \$ 200 & \$ 200\end{array}$$

• A) 1.42 years
• B) 1.58 years
• C) 1.75 years
• D) 1.93 years
• E) 2.12 years

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Definitions:

Learning Perspective

A psychological approach focusing on how environmental interactions and experiences contribute to an individual's knowledge, skills, and behaviors.

Situational Attribution

An assumption that a person’s behavior is determined by external circumstances such as the social pressure found in a situation.

Foot-In-The-Door Technique

A method for inducing compliance in which a small request is followed by a larger request.

Social Loafing

The phenomenon where individuals exert less effort to achieve a goal when they work in a group than when they work alone.