You Are Considering a Project with an Initial Cost of $4,300

question 74

Multiple Choice

You are considering a project with an initial cost of $4,300. What is the payback period for this project if the cash inflows are $550,$970,$2,600,and $500 a year over the next four years?

• A) 2.04 years
• B) 2.36 years
• C) 2.89 years
• D) 3.04 years
• E) 3.36 years

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Definitions:

Cross-Pollination

The sharing of knowledge, ideas, or approaches across different departments, disciplines, or industries to foster innovation.

Creativity

The ability to produce original and valuable ideas or solutions to problems.

Organizations

Formal structures that consist of individuals working together to achieve shared goals through a division of labor and a hierarchy of authority.

Associative Play

A stage of play in child development where children play in groups, sharing materials and interacting, but not organizing their play towards a common goal.