Suzanne's Cleaners Is Considering a Project That Has the Following

question 63

Multiple Choice

Suzanne's Cleaners is considering a project that has the following cash flow data.What is the project's payback? $$\begin{array} { l c c c c c c } \text { Year } & 0 & 1 & 2 & 3 & 4 & 5 \\\text { Cash flowr } & - \$1,100 & \$300 & \$310 & \$320 & \$330 & \$340\end{array}$$

• A) 2.31 years
• B) 2.56 years
• C) 2.85 years
• D) 3.16 years
• E) 3.52 years

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Definitions:

Proton Donor

A substance that releases hydrogen ions (H+) in solution, thus behaving as an acid according to the Bronsted-Lowry theory.

Neutral Substance

A chemical compound that is neither acidic nor basic and does not change the color of litmus paper.

Acid

Molecule that is a proton donor; any substance that releases hydrogen ions (H+).

Solutes

Substances dissolved in a liquid (solvent) to form a solution, such as salts in water.