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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 -$350 $250 $250 $250
a. 1.20 years
b. 1.60 years
c. 2.14 years
d. 1.40 years
e. 2.20 years

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