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	-$375	$240	$240	$240

a. 2.28 years

b. 1.92 years

c. 1.28 years

d. 1.44 years

e. 1.56 years

Cornell Enterprises is considering a project that has the following cash flow and WACC data. What is the project's NPV? Note that a project's projected NPV can be negative, in which case it will be rejected.

WACC:	10.00%
Year	0	1	2	3
Cash flows	-$1,275	$450	$460	$470

a. -$20.45

b. -$120.57

c. -$132.63

d. -$18.39

e. -$238.19