You Are Considering a Project with an Initial Cost of $4,300

question 407

Multiple Choice

You are considering a project with an initial cost of $4,300. What is the payback period for this project if the cash inflows are $550, $970, $2,600, and $500 a year over the next four years, respectively?

• A) 2.04 years
• B) 2.36 years
• C) 2.89 years
• D) 3.04 years
• E) 3.36 years

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Definitions:

Hierarchical Referral

A method of decision-making or information dissemination that follows a structured path of authority within an organization.

Subsystems Integration

The process of making different subcomponents of a system work together effectively and efficiently for overall system performance.

Liaison Roles

Positions or functions within an organization tasked with facilitating communication and coordination between different departments or groups.

Hierarchical Referral

The process of escalating issues or decisions up the chain of command within an organization according to its hierarchy.