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

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

Year

0

1

2

3

Cash flows

-$675

$200

$425

$350

a.

1.95 years

b.

2.14 years

c.

2.07 years

d.

1.78 years

e.

2.00 years

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