Mansi Inc Is Considering a Project That Has the Following Cash

Short Answer

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

a $1.91$ years
b. $2.12$ years
c. $2.36$ years
d. $2.59$ years
e. $2.85$ years