An investment project provides cash inflows of $675 per year for eight years.

a. what is the project payback period if the initial cost is $1,850? (enter 0 if the project never pays back. round your answer to 2 decimal places, e. g., 32.

b. what is the project payback period if the initial cost is $3,600? (enter 0 if the project never pays back. round your answer to 2 decimal places, e. g., 32.

c. what is the project payback period if the initial cost is $5,500? (enter 0 if the project never pays back. round your answer to 2 decimal places, e. g., 32.16.)

What could explain why a decrease in taxes could lead to a less-than-proportionate increase in output? a. as a result of diminishing returns to current consumption, consumers may choose to spread the extra spending over the long term rather than consuming the proceeds of a tax cut all at once. b. consumers may choose to save much of the tax cut in anticipation of having to pay higher taxes in the future. c. a decrease in taxes will necessitate lower government outlays, thus largely offsetting the higher consumption expenditures of households. d. all of the above. e. a and b only.