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A firm is evaluating a proposal which has an initial investment of $50,000 and has cash flows of $15,000 per year for five years. The payback of the project is:
Retention
The ability to maintain or keep information in the mind, or the act of preserving something.
Encoding
The initial process of converting information into a form that can be stored in memory.
Consequence
A result or effect that follows naturally or logically from an action, decision, or condition.
Goal-Directed
Behaviors or actions that are initiated and guided by objectives or desired outcomes, aimed at achieving specific goals.
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