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

Mansi Inc. is considering a project that has the following cash flow data.

What is the project's payback?

Year 0 1 2 3

Cash flows -$500 $300 $325 $350

a. 1.83 years

b. 1.58 years

c. 1.49 years

d. 1.28 years

e. 1.62 years

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