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 -$750 $300 $325 $200

Hint: Payback period: The number of years required to recover a projects cost. Cumulative cash flow computation ignores the time value of money by using actual cash flows.

Group of answer choices

2.50 years

2.36 years

2.63 years

2.42 years

2.83 years