Services United Is Considering a New Project That Requires an Initial

question 32

Multiple Choice

Services United is considering a new project that requires an initial cash investment of $78,000.The project will generate cash inflows of $29,500,$32,700,$18,500,and $10,000 over each of the next four years,respectively.How long will it take to recover the initial investment?

• A)2.74 years
• B)2.85 years
• C)2.99 years
• D)3.27 years
• E)3.68 years

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Definitions:

Extinction

The permanent loss of all members of a species from the earth, leading to a decrease in biodiversity.

Century

A period of one hundred years.

Estimated

An approximation or educated guess based on available information or data, often used when exact numbers are unavailable.

Living Organisms

Entities that display the characteristics of life, including the ability to grow, reproduce, respond to stimuli, and often, to move.