Lithium,Inc

question 46

Multiple Choice

Lithium,Inc.is considering two mutually exclusive projects,A and B.Project A costs $95,000 and is expected to generate $65,000 in year one and $75,000 in year two.Project B costs $120,000 and is expected to generate $64,000 in year one,$67,000 in year two,$56,000 in year three,and $45,000 in year four.Lithium,Inc.'s required rate of return for these projects is 10%.The equivalent annual annuity amount for project A is

• A) $12,989.
• B) $13,357.
• C) $15,024.
• D) $18,532.

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Definitions:

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ETHNIC Mnemonic

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Systematic and comprehensive examination of the cultural care values, beliefs, and practices of individuals, families, and communities.

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