Question
Resnick 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
Resnick 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 | -$650 | $225 | $225 | $225 |
| 1.84 years | ||
| 1.95 years | ||
| 2.16 years | ||
| 2.57 years | ||
| 2.89 years |
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
