A Project Has an Initial Cost of $48,900 and Cash

question 45

Multiple Choice

A project has an initial cost of $48,900 and cash flows of $31,300,-$11,600,and $40,300 for Years 1 to 3,respectively.The discount rate is 14 percent.What is the modified IRR?

• A)11.68%
• B)15.59%
• C)10.59%
• D)12.67%
• E)14.92%

---

Definitions:

Keystone Species

A keystone species is an organism that plays a critical role in maintaining the structure of an ecological community, influencing the types and numbers of other species.

Conserving

The act of preserving or protecting something from loss or damage.

Individualistic Model

A theory in ecology that suggests communities are a chance assemblage of species with similar abiotic requirements, rather than a tightly integrated unit.

Henry Gleason

An early 20th-century ecologist known for his individualistic concept of plant communities, challenging the notion of plant communities as superorganisms.