The Payback Period of a Project That Costs $1,000 Initially

question 81

True/False

The payback period of a project that costs $1,000 initially and promises after-tax cash inflows of $300 for the next three years is 3.33 years.

---

Definitions:

Black Men

A demographic descriptor referring to male individuals of African descent or having dark skin pigmentation.

Superfluous

Exceeding what is sufficient or required; excess or unnecessary.

Doctors' Incomes

Doctors' Incomes pertain to the earnings received by medical professionals, which can vary greatly based on factors like specialty, location, and experience.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given period.