Rodriquez's Hot Rods Is Considering a New Project with an Initial

question 42

Multiple Choice

Rodriquez's Hot Rods is considering a new project with an initial cost of $54,780 and a discount rate of 14 percent.The project is expected to have cash inflows of $27,000 a year for 3 years.What is the discounted payback period?

• A)2.17 years
• B)2.11 years
• C)2.62 years
• D)2.57 years
• E)Never

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Definitions:

Director of Finance

A senior executive responsible for managing the financial actions of a company, including planning, risk management, and financial reporting.

Gender

A social construct that encompasses a range of identities, expressions, and roles assigned to individuals based on perceived sex differences, beyond biological attributes.

Human Relations

The interactions and relationships between people, especially in the workplace or other organizational settings.

Socialization Process

The method through which individuals learn and adopt the norms, values, and behaviors appropriate to their society or group.