A firm is considering adding a deli to his general store. The remodeling expenses and shelving costs are estimated at $27,500. Deli sales are expected to produce net cash inflows of $7,300, $8,60O, $9,700, and $9,750 for Years 1 to 4, respectively. The firm has a firm 3-year payback requirement. Should the firm add the deli? No; because the payback period is 2.82 years No; because the payback period is 3.19 years Yes; because the payback period is 2.82 years Yes; because the payback period is 3.19 years O No; because the project never pays back

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing t…