What Is the Payback Period for a Project with the Following

question 87

Multiple Choice

What is the payback period for a project with the following cash flows? $$\begin{array} { | c | r | } \hline \text { Year } & \text { Cash Flow } \\\hline 0 & - \$ 75,000 \\\hline 1 & 15,000 \\\hline 2 & 23,000 \\\hline 3 & 35,000 \\\hline 4 & 25,000 \\\hline\end{array}$$

• A)2.56 years
• B)2.89 years
• C)3.08 years
• D)3.24 years
• E)Never

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Definitions:

Employee Representation

The process by which employees choose individuals or bodies like unions to represent their interests in discussions with management or other authorities.

Problem-Solving

A cognitive and strategic process involving the identification of issues and the development of viable solutions.

Paternalistic Organization

A management approach where the organization assumes a fatherly role in its dealings with employees, offering both care and guidance.

Union Acceptance

The degree to which businesses and the broader society accept and support the presence and activities of labor unions.