14 Select the correct capital budgeting definition from the following list. The payback period for a capital project estimates:

Select one:

a. How long it takes for discounted project cash flows to fully recover upfront project costs.

b. The additional profit that a business expects to generate over the lifecycle of a project

c. The ratio of the present value of cash inflows to the present value of cash outflows.

d. How long it takes for undiscounted project cash flows to fully recover upfront project costs.

e. The wealth created for shareholders by undertaking a capital project

18.

The stock price is $24.50 per common share. The P/E is 25 and there are 1,500,000 common shares outstanding. Calculate the companys net income if there are no preferred shares outstanding.

Select one:

a. $1,495,000

b. $1,470,000

c. $1,505,000

d. $1,500,000

e. $1,503,000

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