A progressive tax takes a larger percentage of income from high income groups than from low income groups and is based on the concept of ability to pay.
Answer:
I will choose Project B
Payback period of Project A is 4.2 years
Explanation:
IRR shows the percentage rate at which the net present value of the cash flows are zero. The more IRR rate of the project the more beneficial it is.
IRR
Project A = 31%
Project B = 38%
In this Question the IRR of Project B is higher so, it will be more beneficial and I will select it based on IRR ignoring all other factors.
Payback period of Project A is 4.2 years means 4 years, 2 months and 12 days.
People who make goods and services are called PRODUCERS.
They are called producers because they produce the goods and services needed by the consumers.
Consumers are people who requires the goods and services provided by the producers.
