Use the Table for the Question(s)below

question 18

Multiple Choice

Use the table for the question(s) below.
Consider a project with the following cash flows:
-Assume the appropriate discount rate for this project is 15%.The payback period for this project is closest to:

• A)3.0
• B)2.5
• C)2.0
• D)4.0

---

Definitions:

Simplify

To make something easier to understand, or reduce it to its most basic components.

Perform Operation

The act of executing a particular task or function within a set of procedures or instructions.

Like Terms

In algebra, like terms are terms that contain the same variables raised to the same power, allowing them to be added or subtracted.

Simplify

The process of making a situation, equation, or expression less complicated or easier to comprehend.