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

question 145

Multiple Choice

Use the information below to answer the following question(s) .
Latimer Corporation is considering two alternative investment proposals with the following data:

-Brackett Corporation is adding a new product line that will require an investment of $120,000. The product line is estimated to generate cash inflows of $25,000 the first year, $23,000 the second year, and $18,000 each year thereafter for ten more years. What is the payback period?

• A) 4.80 years
• B) 6.00 years
• C) 6.32 years
• D) 6.67 years

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Definitions:

Chromosome Region

A specific segment of a chromosome where genes are located.

Exons

Portions of a gene that are transcribed and translated into proteins, interspersed with noncoding sequences called introns.

Amniocentesis

A medical procedure used in prenatal diagnosis, involving the extraction of a small amount of amniotic fluid from the uterus to test for genetic abnormalities and infections.

Amniotic Fluid

The protective liquid contained within the amniotic sac of pregnant females, surrounding and cushioning the fetus.