Blanchford Enterprises is considering a project that has the following cash flow and cost of capital of 10%. What is the project's discounted payback?
Year: Cash flows:
0 $1,000
1 $500
2 $500
3 $500
a. 2.01 years
b. 2.35 years
c. 2.65 years
d. 2.84 years
e. 3.17 years

The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.