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Refer to the Data Provided in Table 11 -Refer to Table 11

Question 86

Multiple Choice

Refer to the data provided in Table 11.4 below to answer the following question(s) .
Table 11.4  Total Investment Expected Rate of Return  Project  (dollars)   (percentage)   New bookkeeping software $300,00010 New tractor $400,00024 New grain storage tanks $500,00020 Irrigation system $1,000,00030\begin{array}{l}\begin{array} { l c c } &\text { Total Investment }&\text {Expected Rate of Return }\\ { \text { Project } } & \text { (dollars) } & \text { (percentage) } \\\hline \text { New bookkeeping software } & \$ 300,000 & 10 \\\text { New tractor } & \$ 400,000 & 24 \\\text { New grain storage tanks } & \$ 500,000 & 20 \\\text { Irrigation system } & \$ 1,000,000 & 30\end{array}\end{array}
-Refer to Table 11.4. When the interest rate ________, the farmer will investment in all four projects.


A) is greater than 30%
B) is less than 10%
C) is less than 30%
D) is greater than 10%

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