Question: A project has the cash flows shown below. What is the Payback Period of this project? Year Cash Flow 0 -$194 1 $93 2 $85
A project has the cash flows shown below. What is the Payback Period of this project?
| Year | Cash Flow |
| 0 | -$194 |
| 1 | $93 |
| 2 | $85 |
| 3 | $71 |
| 4 | $60 |
| 5 | $52 |
| 6 | $45 |
a.2.22 years
b.1.22 years
c.1.37 years
d.2.37 years
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