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Stern Associates is considering a project that has the following cash flow data. What is the project's payback? Year 0 1 2 3 4 5

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Stern Associates is considering a project that has the following cash flow data. What is the project's payback? Year 0 1 2 3 4 5 Cash flows -$725 $330 $340 $350 $360 $370 a. 1.84 years b. 2.84 years c. 2.16 years d. 3.16 years e. 1.41 years

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