MidWest Lume 14.99 d. 15.29 O 15.59 Year 2 3 4 QUESTION 16 Johnson Motors is considering a project with the following expected cash flows: Project Cash Flow 0 -$3,000 1 1.000 1,000 1,000 1,000 If the project's cost of capital is 10%, what is the project's discounted payback period? a. 3,00 years O b.3:30 years O c 3.52 years d. 3.75 years O e 4.75 years QUESTION 17 Which of the following statements is TRUE a. Four key financial statements are the balance sheet, the income statement, the statement of cash flows, and the statement of stockholder's equity, O b. The balance sheet gives us a picture of the firm's financial situation over a period of time. O c. The income statement gives us a snapshot of what is happening at a point in time. Od. The main purpose of the statement of cash flows is to show how much cash the firm has in the form of currency and demand deposits e. The statement of cash needs tells us how much cash the firm will require during some future period, generally a month or a year