Fool Proof Software Is Considering a New Project Whose Data

question 53

Multiple Choice

Fool Proof Software is considering a new project whose data are shown below.The equipment that would be used has a 3-year tax life,and the allowed depreciation rates for such property are 33%,45%,15%,and 7% for Years 1 through 4.Revenues and other operating costs are expected to be constant over the project's 10-year expected life.What is the Year 1 cash flow?

• A)$30,258
• B)$31,770
• C)$33,359
• D)$35,027
• E)$36,778

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Definitions:

Noble Cause Corruption

Refers to misconduct committed by law enforcement officers justified by the belief that the ends (such as solving crimes) justify the means, even if unethical.

Payoffs

The benefits or profits received as a result of an action, investment, or decision.

Bribery

The act of giving or receiving something of value in exchange for some kind of influence or action in return, that the recipient would otherwise not offer.

Moral Character

The set of qualities or virtues that distinguishes one's ethical beliefs and behaviors.