1. BECL Ltd is considering a project, which will involve the following cash inflows and (out)flows:

	$000
Initial Outlay	(400)
After 1 year	40
After 2 years	300
After 3 years	300

What will be the NPV (net present value) of this project if a discount rate of 15% is used?

a.

$240k

b.

$60.8k

c.

-$60.8k

d.

$460.8k

2. Prosperity, Recession, and depression in a business is an example of

a.

Secular trend

b.

Seasonal trend

c.

Cyclical trend

d.

Irregular trend