A project has an initial cost of $40,000, expected net cash inflows of $10,000 per year for 8 years, and a cost of capital of 14
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Answer:
The rocket hits the ground at a time of 11.59 seconds.
Step-by-step explanation:
The height of the rocket, after x seconds, is given by the following equation:
It hits the ground when , so we have to find x for which
, which is a quadratic equation.
Finding the roots of a quadratic equation:
Given a second order polynomial expressed by the following equation:
.
This polynomial has roots such that
, given by the following formulas:
In this question:
So
Since time is a positive measure, the rocket hits the ground at a time of 11.59 seconds.