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Question 16 What is the major disadvantage in using the Payback Period method for capital budgeting decisions? Not yet saved Marked out of 1.00 Select one: a. It oversimplifies the calculations and thus the results that come out are unreliable. b. It is not an guaranteed indicator of the optimal wealth level of the company as it places its focus on short term comfort factors such as the return of capital outlay as a proxy c. It is accurate than other methods in estimating when the capital is returned to the shareholders. d. It is based on linear approximation between cash flow points which is an assumption that may not be true. Flag question Question 17 A stock has been reported to have a total holding return of 13% over the last year. The stock was recently sold for $59.65 after a negative impact of $2.50 to account for the dividend about to be paid. What was the stock's purchase price one year ago? Not yet saved Marked out of 1.00 Select one: a. $57.15 b. $19.23 C. $52.79 d. $55.00 Flag question Which of the following statements is NOT correct? Question 18 Not yet saved Marked out af 1.00 Select one: a. A seasoned equity offer is a higher risk investment than an IPO. b. ASIC must approve and register a prospectus for any Australian IPO. c. A prospectus is designed to help investors make well-Informed decisions. d. The ASX imposes stringent disclosure requirements on its listed companies. Flag question What is the Payback period for a project that has an initial outlay of $1500 and annual net cash flows of $395 (to 3 decimal places)? Question 19 Not yet saved Marked out of 1.00 Select one: a. 3.752 years b. 4.215 years c. 3.800 years d. 3.797 years Flag question 20 estion The Australian Securities Exchange is a Not yet saved Marked out of 1.00 Select one: a. primary market. b. private market. c. over-the-counter market d. secondary market. e Flag