When trying to persuade someone it is important to prepare responses for potential objections in advance

Elsie Moving Company is considering purchasing new equipment that costs $726,000

Its management estimates that the equipment will generate cash flows as follows: Year 1 $202,000 2 202,000 3 264,000 4 264,000 5 160,000 The company's required rate of return is 10%. Using the factors in the table below, calculate the present value of the cash inflows. (Round all calculations to the nearest whole dollar.) Present value of $1: 6% 7% 8% 9% 10% 1 0.943 0.935 0.926 0.917 0.909 2 0.890 0.873 0.857 0.842 0.826 3 0.840 0.816 0.794 0.772 0.751 4 0.792 0.763 0.735 0.708 0.683 5 0.747 0.713 0.681 0.650 0.621 A) $793,414 B) $797,481 C) $828,406 D) $808,971

The Bledsoe Marketing Research group has been hired to administer a series of questions to shoppers in a local mall. If questions on the survey questionnaire have only two possible responses (such as "yes/no"), what type of questions are these?

What will be an ideal response?