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1. Resnick Inc. is considering a project that has the following cash flow data. What is the project's payback? Year 0 1 2 3 Cash

1. Resnick Inc. is considering a project that has the following cash flow data. What is the project's payback?

Year

Cash flows

-$325

$200

Answer

	1.	1.93 years
	2.	1.63 years
	3.	1.80 years
	4.	1.67 years
	5.	1.50 years

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