Question: Please explain the calculation Resnick Inc. is considering a project that has the following cash flow data. What is the project's payback? Year 0 2

Please explain the calculation Resnick Inc. is considering a project that

Please explain the calculation

Resnick Inc. is considering a project that has the following cash flow data. What is the project's payback? Year 0 2 3 Cash flows -$450 $200 $200 $200

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