8. - A project with an initial outlay of $12,000 is expected to generate $3,000 in year one, $6,000 in year two, $9,000 in year three, and $12,000 in year four. What is the project's payback period? a. 4.00 years b. 3.50 years c. 2.33 years d. 1.66 years 9. The primary goal of a publicly owned corporation is to a. maximize shareholder wealth b. maximize dividends per share c. maximize earnings per share after taxes d. minimize shareholder risk 10. Which of the following is NOT a major source of unsecured loans? a. Repurchase agreements b. Accrued wages and taxes c. Trade credit d. Commercial paper 11. The five basic principles of finance include all of the following except a. Cash flow is what matters b. Money has a time value. c. Incremental profits determine value. d. Risk requires a reward