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A capital budgeting project is expected to have the following cash flows: Year Cash Flows 0 -$850,000 1 $300,000 $400,000 N 3 $500,000 What is

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A capital budgeting project is expected to have the following cash flows: Year Cash Flows 0 -$850,000 1 $300,000 $400,000 N 3 $500,000 What is the project's payback period? A. 1.50 years B. 3.30 years C. 2.50 years D. 2.30 years

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