Use the Following Information to Answer the Question(s)below

question 42

Multiple Choice

Use the following information to answer the question(s) below.
Rearden Metals is considering opening a strip-mining operation to provide some of the raw materials needed in producing Rearden metal.The initial purchase of the land and the associated costs of opening up mining operations will cost $100 million today.The mine is expected to generate $16 million worth of ore per year for the next 12 years.At the end of the 12th year Rearden will need to spend $20 million to restore the land to its original pristine nature appearance.
-The payback period for Rearden's mining operation is closest to:

• A)5.00 years.
• B)6.00 years.
• C)6.25 years.
• D)6.50 years.

---

Definitions:

Sociocultural Cognitive Theory

A theory that emphasizes the impact of social interaction, culture, and language on cognitive development.

Cognitive Development

Cognitive Development is the study of how thinking, problem solving, and intelligence evolve from childhood to adulthood.

Piaget's Theory

A theory of cognitive development that describes how children develop logical thinking from infancy through adolescence through a series of stages.

Culture

The shared beliefs, practices, norms, and values of a group of people that are passed down from generation to generation.