Use the Following Table, a Company Has a Minimum

question 24

Multiple Choice

Use the following table, A company has a minimum required rate of return of 8%. It is considering investing in a project that costs $227,790 and is expected to generate cash inflows of $90,000 each year for three years. The approximate internal rate of return on this project is

• A) 8%.
• B) 9%.
• C) 10%.
• D) The IRR on this project cannot be approximated.

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Definitions:

Affirmative Action

A policy or a set of actions designed to promote equal opportunity for historically disadvantaged groups within employment, education, and other areas.

Future Discrimination

The act of unfairly treating individuals or groups based on predicted future characteristics, actions, or behaviors which have not yet occurred.

Verbal Misconduct

Inappropriate or offensive language used in a professional or personal setting, which can harm the workplace environment or personal relationships.

Sexual Harassment

Unwanted sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature, especially in the workplace.