Norne Corporation Is Considering Building a New Plant

question 147

Multiple Choice

Norne Corporation is considering building a new plant.It will cost $1 million today to build it and it will generate revenues of $1.121 million three years from today.Of the interest rates below,which is the highest interest rate at which Norne would still be willing to build the plant?

• A)3 percent
• B)3.5 percent
• C)4 percent
• D)4.5 percent

---

Definitions:

Homeschooling

The education of children at home by their parents or tutors rather than in a traditional public or private school setting.

Extracurricular Activities

Activities that students participate in outside of the regular academic curriculum, such as sports, clubs, music, and arts, which can contribute to their personal and educational development.

Effectiveness Rates

The proportion or percentage in which a particular treatment, procedure, or strategy achieves its intended purpose.

African American

An ethnic group in the United States with total or partial ancestry from any of the black racial groups of Africa.