[The Following Information Applies to the Questions Displayed Below

question 40

Multiple Choice

[The following information applies to the questions displayed below.]
Lazar Corporation is evaluating a proposal to invest in a machine costing $89,000.The machine has an estimated useful life of ten years,and an estimated salvage value of $14,000.The machine will increase the company's net income by approximately $9,600 per year.All revenue and expenses other than depreciation will be received and paid in cash.
-The payback period of the machine is approximately:

• A)Four years.
• B)Eight years.
• C)Five years.
• D)Ten years.

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Definitions:

Collective Unconscious

A concept proposed by Carl Jung, referring to the part of the unconscious mind that is derived from ancestral memory and experience and is common to all humankind.

Personal Unconscious

A term used in psychology, particularly in theories by Carl Jung, to describe a layer of the unconscious mind consisting uniquely of an individual's suppressed memories and thoughts.

Fixations

In psychology, persistent focus or attachment to an object or idea, often at the expense of broader perspectives.

Mandalas

Geometric configurations of symbols often used in Hindu and Buddhist rituals and as a spiritual symbol representing the universe.