Jamieson Is Considering a 5-Year, $250,000 Project with Annual Cash

question 51

Multiple Choice

Jamieson is considering a 5-year, $250,000 project with annual cash flows of $90,000.If the company's required return is 10%, determine its discounted payback.

• A)3.27years
• B)3.43 years
• C)3.79 years
• D)4.01 years

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Definitions:

Probability

The calculation of how probable it is for an event to happen.

Batteries

Devices consisting of one or more electrochemical cells that store and supply electric energy.

Fair Die

A die that is perfectly balanced, ensuring that each of its faces has an equal chance of landing upward when rolled.

Probability

A means of expressing an event's probability on a scale that ranges from 0 to 1.