The management of L Corporation is considering a project that would require an investment of $188,000 and would last for 6 years. The annual net operating income from the project would be $105,000, which includes depreciation of $20,000. The cash inflows occur evenly throughout the year. The payback period of the project is closest to (Ignore income taxes.):

To appeal to a new target market, the maker of hill's coffee has changed the product's package design, reformulated the coffee, begun advertising price discounts in women's magazines, and started distributing the product through gourmet coffee shops. what has been changed? a. the product's perceptual value. b.the product's 4ps. c. the method used in its target marketing. d. the ownership of the product line. e. the product's utility.