1)

Worthington 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	$500	$150	$200	$300

a. 2.50 years

b. 2.03 years

c. 3.03 years

d. 2.75 years

e. 2.25 years

2)

Ellmann Systems is considering a project that has the following cash flow and cost of capital (r) data. What is the project's NPV? Note that if a project's expected NPV is negative, it should be rejected.

r:	9.00%
Year	0	1	2	3
Cash flows	$1,000	$500	$500	$500

a. $292.88

b. $278.93

c. $307.52

d. $265.65

e. $322.90

3)

Craig's Car Wash Inc. is considering a project that has the following cash flow and cost of capital (r) data. What is the project's discounted payback?

r =	10.00%
Year	0	1	2	3
Cash flows	$900	$500	$500	$500

a. 1.88 years

b. 2.78 years

c. 2.29 years

d. 2.09 years

e. 2.52 years