You Are Considering a Project with an Initial Cost of $7,800

question 40

Multiple Choice

You are considering a project with an initial cost of $7,800. What is the payback period for this project if the cash inflows are $1,100, $1,640, $3,800, and $4,500 a year over the next four years, respectively?

• A)3.21 years
• B)3.28 years
• C)3.36 years
• D)4.21 years
• E)4.29 years

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Definitions:

Individual Behaviours

Individual Behaviours refer to the actions and reactions of an individual in various situations, influenced by their character, emotions, and external factors.

Sustainable Change

Changes made in an organization or system that are designed to be long-lasting and continuously relevant, often with an emphasis on environmental, social, and economic sustainability.

Organizational Change

A process in which a company or organization undergoes a significant transformation, involving a change in processes, strategies, structures, and/or culture.

Individual Level

Pertaining to a single person or entity, often in contrast to groups or larger systems.