A Project Has an Initial Cost of £1,900

question 25

Multiple Choice

A project has an initial cost of £1,900.The cash inflows are £0, £500, £900, and £700 over the next four years, respectively.What is the payback period?

• A)2.71 years.
• B)2.98 years.
• C)3.11 years.
• D)3.71 years.
• E)None of the above.

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Definitions:

Functionalism

A theoretical perspective in sociology and anthropology that views society as a complex system whose parts work together to promote solidarity and stability.

Life Cycle

refers to the series of stages through which an individual, organism, or entity passes from birth or inception to the end of its life.

Social Change

The transformation over time of the institutions, culture, and structure of society.

Exponential Growth

A process of increase where the quantity grows at a rate proportional to its current value, leading to rapid escalation over time, commonly used in reference to populations, investments, and infectious disease spread.