1 pts Chris Tellson invested in a project with a payback period of 4 years. The project earns $30,000 cash each year for 8 years. Chris's required minimum rate of return is 8%. How much did Chris initially invest? $7.500 $75,000 $240,000 $120,000 Question 11 1 pts The time value of money is considered in the following capital budgeting method(s)? All answers given use the time value of $ NPV Profitability Index IRR Question 7 1 pts Concose Park Department is considering a new capital investment. The following information is available on the investment. The cost of the machine will be $330,000. The annual cost savings if the new machine is acquired will be $85,000. The machine will have a 5-year life, at which time the terminal disposal value is expected to be $32,000. Concose Park Department is assuming no tax consequences. If Concose Park Department has a required rate of return of 10%, what is the NPV of the project? -$7.782 $12,086.80 O $342,086.80 O $330,000 Question 6 An annuity is best described as which of the following statements? A stream of interest payments on a principal amount invested A stream of equal cash installments made at equal time intervals Another term used for future value Another term used for present value