Over time, surface-level diversity becomes less important, and deep-level diversity becomes more important to group cohesiveness

What is the Equivalent Annual Annuity (EAA) of a project that has an initial outlay of $2,500 followed by cash inflows of $1,000, $3,000 and $5,000 in years 1, 2 & 3 respectively? Assume a cost of capital of 11%. (Round to nearest $)

A) $1,256 B) $1,591 C) $1,838 D) $2,141

Vendors extend trade credit when they deliver product without demanding immediate payment

Indicate whether the statement is true or false