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:

Ancestral Need

Basic needs or drives that have evolved over time to increase the survival and reproductive success of humans.

Physical Attractiveness

The extent to which others find a person's physical attributes to be attractive or beautiful.

Outgroup Members

Individuals or groups perceived as different from or not belonging to one's own group.

Stereotypes

Oversimplified and widely held beliefs or perceptions about characteristics, attributes, and behaviors of a particular group of people.