Refer to the Table Below,which Shows the Results of Payback,net

question 47

Multiple Choice

Refer to the table below,which shows the results of payback,net present value,and internal rate of return analysis of four projects.Which is preferred by the payback criterion?
$$\begin{array} { | l | c | c | c | c | } \hline h& \mathrm { A } & \mathrm { B } & \mathrm { C } & \mathrm { D } \\\hline \text { Payback } & 4 & 5 & 4.5 & 3 \\\hline \text { NPV } & \$ 2,199 & \$ 201 & \$ 1,851 & \$ 510 \\\hline \text { IRR } & 20.24 \% & 11.81 \% & 19.64 \% & 12.59 \% \\\hline\end{array}$$

• A)Project A
• B)Project B
• C)Project C
• D)Project D

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Definitions:

Fit of Passion

An intense and sudden display of emotion, such as anger or excitement, that can result in unpredictable behavior.

M'Naghten Rule

A legal standard for determining criminal insanity, which focuses on whether the defendant was able to understand the nature and quality of the act or knew it was wrong.

American Law Institute Test

A standard used in criminal law to determine insanity, focusing on the inability to distinguish right from wrong and self-control over actions.

M'Naghten Rule

A legal standard used to evaluate whether a defendant was insane at the time of committing a crime and therefore not responsible for their actions.