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Project Black Swan requires an initial investment of $115,000. It has positive cash flows of $140,000 for each of the next two years. Because of major demolition and environmental clean-up costs, cash flow for the third and final year of the project is $(170,000) .
External Locus
A belief that one's life events are largely influenced by external forces or the environment, as opposed to internal factors (contrast with internal locus of control).
Conscientiousness
A personality trait characterized by organization, responsibility, and thoroughness.
Locus of Control
Refers to an individual's belief about the extent to which their actions can influence the events that affect them.
General Expectation
The overall anticipation or belief about what may happen in the future, based on past experiences or societal norms.
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