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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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