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Stafford Designs is considering a project that has the following cash flow data. What is the project's payback period? Year 0: CF0 =$900, Year 1:

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Stafford Designs is considering a project that has the following cash flow data. What is the project's payback period? Year 0: CF0 =$900, Year 1: CF1=$500, Year 2:CF2=$500, Year 3:CF3=$500 (Multiple Choice) Excel Link: Excel Sheet.xlsx 2.02 years 1.80 years 1.50 years 1.89 years 1.98 years

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