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Assume a project has the following expected cash flows: Year 0: ($350,000) Year 1: $125,000 Year 2: $130,000 Year 3: $170,000 Year 3: $200,000 What
Assume a project has the following expected cash flows:
Year 0: ($350,000)
Year 1: $125,000
Year 2: $130,000
Year 3: $170,000
Year 3: $200,000
What is the projects payback (payback period)?
A. 2.20 years
B. 2.45 years
C. 2.54 years
D. 2.62 years
E. 3.05 years
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