A Project Has an Initial Cost of $2,600

question 76

Multiple Choice

A project has an initial cost of $2,600.The cash inflows are $300,$500,$900,and $700 for Years 1 to 4,respectively.What is the payback period?

• A)3.29 years
• B)3.47 years
• C)4.02 years
• D)4.29 years
• E)Never

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Definitions:

Minimum Income

A level of income deemed necessary for a person to live on; often related to proposals for a guaranteed minimum income by governments.

Income Inequality

The uneven distribution of income within a population, often measured using indices like the Gini coefficient.

International Trade

The exchange of goods and services across national borders, influenced by comparative advantages and trade policies.

Income Share

The proportion of total national or group income earned by individuals or entities, often analyzed to assess economic inequality.