Worthington Inc $\begin{array}{lcccc}\text { Year } & 0 & 1 & 2 & 3 \\\text { Cash flows } & -\$ 500 & \$ 150 & \$ 200 & \$ 300\end{array}$

Multiple Choice

Worthington Inc.is considering a project that has the following cash flow data.What is the project's payback? $\begin{array}{lcccc}\text { Year } & 0 & 1 & 2 & 3 \\\text { Cash flows } & -\$ 500 & \$ 150 & \$ 200 & \$ 300\end{array}$

A) 2.03 years
B) 2.25 years
C) 2.50 years
D) 2.75 years
E) 3.03 years