Answer: Janice believe the inflation rate will be over 4%.
Explanation:
The expected return is 18% but Janice is thinking the return will be 14% because she is discounting the inflation which is 4%. She expects to receive 14% net rate (18%-14%= 4%).
Local technology refers to the technology which are used in our locality from the ancient time and are made of locally available materials for the welfare of local people.
