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20.McGlothin 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

20.McGlothin 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

$1,150

$500

$500

$500

a.

1.86 years

b.

2.07 years

c.

2.30 years

d.

2.53 years

e.

2.78 years

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