bussiness

Stern Associates is considering a project that has the following cash flow data. What is the project's payback? Year 0 1 2 3 4 5 Cash flows $1,075 $380 $390 $400 $410 $420 O a. 2.24 years O b. 1.24 years O c. 2.76 years O d. 3.76 years e. 1.09 years We 0-Icon Key