11.On the 1^st of January, a 1,000,000 investment will be made. For the next 3 years, the cash-flow is expected to be 250,000, 450,000 and 400,000 (respectively). Assuming cash inflows occur evenly throughout the year, what is the expected payback period?

3 years

2 years, 9 months

2 years

2 years, 4 months

Question 12

A business produces and sells 500 units, the total cost of production is 100,000, total fixed costs are 55,000 and variable costs are 90 per unit. A profit of 15,000 is reported when the selling price is __________.

A 120

B 230

C 200

D 110