Multiple Choice
McGlothin Inc.is considering a project that has the following cash flow data.What is the project's payback?
Year
0
1
2
3
Cash flows
−$1,150
$500
$500
$500
A) 1.86 years
B) 2.07 years
C) 2.30 years
D) 2.53 years
E) 2.78 years
Correct Answer:
Verified
Correct Answer:
Verified
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