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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