A Project Has an Initial Cost of $1,900

question 201

Multiple Choice

A project has an initial cost of $1,900. The cash inflows are $0, $500, $900, and $700 over the next four years, respectively. What is the payback period?

• A) 2.71 years
• B) 2.98 years
• C) 3.11 years
• D) 3.71 years
• E) never

---

Definitions:

Phased-Retirement Program

A type of retirement plan that allows employees to gradually reduce their working hours as they transition to full retirement.

Personnel Policies

Guidelines and rules established by an organization regarding the management and treatment of its employees.

Recruitment

The process of attracting, screening, and selecting qualified candidates for a job within an organization.

Downsize

The process by which a company reduces its workforce to cut costs, often leading to restructuring of roles and operations.