Stern Associates Is Considering a Project That Has the Following

question 70

Multiple Choice

Stern Associates is considering a project that has the following cash flow data.What is the project's payback? $$\begin{array} { l c c c c c c } \text { Year } & 0 & 1 & 2 & 3 & 4 & 5 \\\hline \text { Cash flows } & - \$ 975 & \$ 300 & \$ 310 & \$ 320 & \$ 330 & \$ 340\end{array}$$

• A) 2.54 years
• B) 2.42 years
• C) 3.83 years
• D) 3.14 years
• E) 3.61 years

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Definitions:

Therapeutic Bind

A situation in therapy where clients are presented with a dilemma or conflict by their therapist as a means of promoting insight or change.

Self-defeating Behaviors

Actions or patterns of behavior that undermine one’s own goals, desires, or well-being, often occurring subconsciously.

Motivational Interviewing

A counseling approach that helps individuals find the motivation to make positive decisions and accomplish goals through directed conversations.

Client-centered

An approach that prioritizes the needs, preferences, and autonomy of the individual receiving services or care.