What is the payback period for Tangshan Mining company's new ...

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What is the payback period for Tangshan Mining company's new project if its initial after-tax cost is 5,000,000 and it is expected to provide after-tax operating cash inflows of 1,800,000 in year 1, 1,900,000 in year 2, 700,000 in year 3, and 1,
 
  800,000 in year 4?
  A) 4.33 years
  B) 3.33 years
  C) 2.33 years
  D) 1.33 years

Question 2

A financial manager's financing decisions determine ________.
 
  A) both the mix and the type of assets found on the firm's balance sheet
  B) the most appropriate mix of short-term and long-term financing
  C) both the mix and the type of assets and liabilities found on the firm's balance sheet
  D) the proportion of the firm's earnings to be paid as dividend

[potomatos]

Answer to Question 1

B

Answer to Question 2

B

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Gracias!

[recede]

TYSM