Question: Poder 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

Poder 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

-$740

$335

$360

$385

Group of answer choices

1.87 years

1.75 years

2.50 years

2.12 years

2.29 years

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