12) PC Enterprises wants to commence a new project but is unable to obtain the financing under any circumstances. This firm is facing: A) capital allocation. B) hard rationing. . C) financial allocation. D) financial deferral. E) marginal rationing. Guerilla Radio Broadcasting has a project available with the following cash flows : 13) Year Cash Flow -$14,400 5,900 7,200 5,700 2 5,000 What is the payback period? A)1.77 years B) 2.60 years C) 223 years D) 3.00 years E) 2.48 years The length of time a firm must wait to recoup, in present value terms, the money it has invested in a project is referred to as the 14) A) internal return period. B) payback period. cy discounted payback period. D) net present value period. E) discounted profitability period