Bernstein's Proposed Project Has an Initial Cost of $128,600 and Cash

question 14

Multiple Choice

Bernstein's proposed project has an initial cost of $128,600 and cash flows of $64,500,$98,300,and −$15,500 for Years 1 to 3 respectively.If all negative cash flows are moved to Time 0 at a discount rate of 10 percent,what is the modified internal rate of return?

• A)10.00 percent
• B)9.82 percent
• C)10.04 percent
• D)9.69 percent
• E)9.97 percent

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Definitions:

Comparative Psychologist

A Comparative Psychologist studies the behavior and mental processes of non-human animals in comparison to humans, often to understand the evolutionary aspects of behavior.

Social Psychologist

A scientist who studies how the presence, thoughts, and behaviors of others influence an individual's behavior, thoughts, and feelings.

Evolutionary Explanations

Theories or concepts that describe how evolutionary processes such as natural selection have shaped behaviors or physiological traits in organisms, including humans.

Physical Appearance

The outward look or aspects of an individual, including features, expressions, body shape, and skin color, which can influence social perceptions.