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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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