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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	-$475	$200	$200	$200

a. 1.97 years

b. 2.61 years

c. 2.42 years

d. 2.26 years

e. 2.38 years

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