Use the Table for the Question(s)below

question 59

Multiple Choice

Use the table for the question(s) below.
Consider the following two projects with cash flows in $:
-The payback period for project Beta is closest to:

• A)2.9 years.
• B)3.1 years.
• C)2.6 years.
• D)3.2 years.

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Definitions:

Acceptance of Goods

The act of confirming that the goods received are as per the contract terms, generally marking the completion of a seller's performance obligations.

Scan Function

A process of systematically examining or reviewing a set of data, documents, or systems to identify specific information or characteristics.

CD Player

A device that plays audio compact discs, capable of reading digital audio data and converting it into sound.

Revoke Acceptance

The right of a buyer to cancel acceptance of goods received if they substantially fail to conform to the contract, under certain conditions.