Multiple Choice
Garner 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
−$350
$200
$200
$200
A) 1.42 years
B) 1.58 years
C) 1.75 years
D) 1.93 years
E) 2.12 years
Correct Answer:
Verified
Correct Answer:
Verified
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