________ refers to the creation of software prototypes that can be shared with users for receiving feedback, so that developers can make improvements before a lot of effort is spent building a fully functioning version

Tourism is considered to be an export industry

a. true b. false

Newman Automobiles Manufacturing is considering two alternative investment proposals with the following data

Proposal X Proposal Y Investment $10,700,000 $580,000 Useful life 5 years 5 years Estimated annual net cash inflows for 5 years $2,140,000 $103,000 Residual value $50,000 $26,000 Depreciation method Straight-line Straight-line Required rate of return 12% 13% Calculate the payback period for Proposal X. A) 5 years B) 4 years C) 9 years D) 8 years