There's a Strong Argument That Terminal Values Based on Infinite

Multiple Choice

There's a strong argument that terminal values based on infinite projections shouldn't be used in capital budgeting because of the uncertainty of the distant future. This position maintains that if a project can't be justified in a reasonably long time, it shouldn't be undertaken. The time frame associated with this argument is usually about:

A) 5 years.
B) 10 years.
C) 20 years.
D) None of the above