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

question 21

Multiple Choice

Use the following information to answer the following question(s) .
Below are the expected after-tax cash flows for Projects Y and Z.Both projects have an initial cash outlay of $20,000 and a required rate of return of 17%.

-Discounted payback for Project Y is:

• A)three years.
• B)3.14 years.
• C)four years.
• D)two years.

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Definitions:

Mexica

Indigenous people of the Valley of Mexico, best known as the ruling ethnic group of the Aztec Empire, renowned for their complex society, architecture, and contributions to agriculture.

Aztecs

A Mesoamerican culture that flourished in central Mexico in the 14th to 16th centuries, known for their complex social structure, achievements in art and architecture, and conquered by the Spanish in 1521.

Maya

A Mesoamerican civilization known for their contributions to art, architecture, mathematics, calendar, and astronomical system.

Hernán Cortés

A Spanish Conquistador who led an expedition that caused the fall of the Aztec Empire and brought large parts of mainland Mexico under the rule of the King of Castile in the early 16th century.