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An outlay of $180,000 is expected to yield the following cash flows: Year Net Cash Flow
1 75,000
2 55,000
3 60,000
4 25,000
5 15,000
6 10,000
The cost of capital is 12 percent. What is the payback period?
Primary Reinforcer
A stimulus that satisfies a basic biological need, such as food, water, or warmth, which inherently reinforces and promotes certain behaviors.
Operant Behavior
A concept in behavioral psychology referring to behavior that is controlled or influenced by its consequences, including rewards and punishments.
Primary Reinforcer
A stimulus that satisfies basic survival instincts such as food, water, and warmth, and doesn't require learning to become effective.
Conditioned Reinforcer
a stimulus that gains its reinforcing power through association with a primary reinforcer, used to increase the likelihood of a specific response in operant conditioning.
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