A Project Has the Following Cash Flows A)304 Years
B)2

question 104

Multiple Choice

A project has the following cash flows.What is the payback period? $$\begin{array} { | c | r | } \hline \text { Year } & \text { Cash Flow } \\\hline 0 & - \$ 14,500 \\\hline 1 & 2,200 \\\hline 2 & 4,800 \\\hline 3 & 6,500 \\\hline 4 & 7,600 \\\hline\end{array}$$

• A)3.04 years
• B)2.59 years
• C)2.96 years
• D)3.13 years
• E)3.24 years

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Definitions:

Purchase Intent

A measure or indication of a consumer's likelihood to buy a product or service in the near future.

Triple Bottom Line

Framework with three parts: social, environmental, and financial; also referred to as the 3Ps: people, planet, and profit.

Corporate Social Responsibility

A business model that helps a company be socially accountable to itself, its stakeholders, and the public, often focusing on environmental, economic, and social impact.

Corporate Social Responsibility

The commitment of a business to contribute to sustainable economic development and improve the quality of life of the workforce, their families, the community, and society at large.