Refer to the Data Provided in Table 11 -Refer to Table 11

question 181

Multiple Choice

Refer to the data provided in Table 11.2 below to answer the following question(s) .
Table 11.2 $$\begin{array}{l}\begin{array} { l c c } &\text { Total Investment }&\text {Expected Rate of Return }\\ { \text { Project } } & \text { (dollars) } & \text { (percentage) } \\\hline \text { New bookkeeping software } & \$ 150,000 & 5 \\\text { New tractor } & \$ 200,000 & 12 \\\text { New grain storage tanks } & \$ 250,000 & 10 \\\text { Irrigation system } & \$ 500,000 & 15 \\\hline\end{array}\end{array}$$
-Refer to Table 11.2. If the interest rate is 13%, then the farmer will engage in investment of

• A) $500,000.
• B) $600,000.
• C) $700,000.
• D) $1,100,000.

---

Definitions:

Merchant

An individual or business that sells goods or services in a commercial setting.

Destroyed Through Fire

Destroyed through fire describes the complete loss or devastation of property, goods, or structures as a result of a fire outbreak, often leading to insurance claims and legal considerations.

Common-Carrier Delivery Contract

A type of contract in which purchased goods are delivered to the buyer via an independent contractor, such as a trucking line.

Independent Contractor

An individual or entity contracted to perform work for another entity as a non-employee.