A project is best described as an investment in $q,$ Hint: Think about what type of activities a firm engages in when it pursues a project and if it typically has a short$-$term $($less than a year$)$ or long$-$term $($greater than a year$)$ focus. $(2)$

Long$-$term equity

Long$-$term assets

Short$-$term equity

Short$-$term assets