A Project's payback period is determined to be four years. If it is later discovered that additional cash flows will be generated in years five and six, then:
A) the discount rate must be known to determine whether the payback period changes.
B) the Project's payback period will be increased.
C) the Project's payback period will be reduced.
D) the Project's payback period will be unchanged.
Answer: D) the Project's payback period will be unchanged.
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Pierre owns a one-quarter undivided interest in a parcel of land, and he wants his interest transferred to his sister Estelle. As a general rule, which of the following actions will transfer Pierre's undivided interest out of his name?
A) Redemption from foreclosure sale B) Making and signing a will C) Delivery of a deed D) Signed acceptance of offer to purchase