You Are Considering a Project with an Initial Cost of $27,900

question 244

Multiple Choice

You are considering a project with an initial cost of $27,900. What is the payback period for this project if the cash inflows are $14,650, $16,190, $12,480, and $9,500 a year over the next four years,
Respectively?

• A) 0.82 year
• B) 0.90 year
• C) 1.11 years
• D) 1.82 years
• E) 1.90 years

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Definitions:

Human Skills

Interpersonal and communication skills that enable individuals to work effectively with others and navigate social interactions.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a specific period, indicating the efficiency of inventory management.

Technical Skills

The abilities and knowledge needed to perform specific tasks, often relating to computational and physical skills.

Statistics

The branch of mathematics dealing with the collection, analysis, interpretation, and presentation of masses of numerical data.