Question: Chapter b Multiple Choice 11-083, Section b Multiple Choice 11-083, Problem b Multiple Choice 11-083 Susmel Inc. is considering a project that has the following

Chapter b Multiple Choice 11-083, Section b Multiple Choice 11-083, Problem b Multiple Choice 11-083

Susmel 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 -$475 $150 $200 $300
a. 2.88 years
b. 2.85 years
c. 1.96 years
d. 2.42 years
e. 2.47 years

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