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McGlothin 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
McGlothin 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 | -$1,050 | $500 | $500 | $500 |
| 1.80 years | ||
| 2.10 years | ||
| 2.30 years | ||
| 2.53 years | ||
| None of the above. |
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
9th Edition
032431986X, 9780324319866
