Jupiter Systems Is Planning to Develop a New Telescope

question 50

Multiple Choice

Jupiter Systems is planning to develop a new telescope.The initial cost of the project is estimated to be $600,000 with an anticipated recovery of $300,000,till perpetuity.The payback period for this project is _____.

• A) 6 months
• B) 2 years
• C) 4 years
• D) 6 years

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Definitions:

Meters

The base unit of length in the International System of Units (SI), equivalent to 100 centimeters.

Milliliters

A unit of volume in the metric system, equal to one-thousandth of a liter.

Liters

A metric unit of volume equal to one cubic decimeter, commonly used to measure fluids.

Significant Figures

The digits in a numerical value that contribute to its measurement accuracy, including all certain digits and the first uncertain digit.