The payback period of a project that costs $1,000 initially and promises after-tax cash inflows of $2,000 each year for the next three years is 0.5 years

Carol Crowe and Sheryl Stowe signed astandard form bank guarantee for Joseph Fine and limited their liability to $48,000. Fine is now in default, owing $60,000 to the Bank. Which of the following is TRUE? (Ignore interest and other chargers)

A) Carol's liability is limited to $24,000 B) Carol's liability is limited to $30,000 C) Carol's liability is limited to $48,000 D) If it so chooses, the Bank can proceed against Carol only E) Both C and D

Exploration is a more radical learning strategy than exploitation

Indicate whether the statement is true or false