Poder IncIs Considering a Project That Has the Following Cash Flow

Multiple Choice

Poder Inc.is considering a project that has the following cash flow data.What is the project's payback? $$\begin{array} { l c c c c } \text { Year } & 0 & 1 & 2 & 3 \\\hline \text { Cash flows } & - \$ 750 & \$ 300 & \$ 325 & \$ 350\end{array}$$

A) 1.91 years
B) 2.12 years
C) 2.36 years
D) 2.59 years
E) 2.85 years