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Sasmel Inc. is considering a project that has the following cash flow data. What is the project's payback? begin{tabular}{lcccc} Year & 0 & 1 &
Sasmel Inc. is considering a project that has the following cash flow data. What is the project's payback?
\begin{tabular}{lcccc} Year & 0 & 1 & 2 & 3 \\ \cline { 2 - 5 } Cash flows & $325 & $150 & $220 & $310 \end{tabular} a. 1.80 years b. 2.09 years c. 1.20 years d. 2.15 years e. 1.40 yearsStep by Step Solution
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