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Stern Associates is considering a project that has the following cash flow data. What is the project's payback? 1 3 4 5 2 $310 $300

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Stern Associates is considering a project that has the following cash flow data. What is the project's payback? 1 3 4 5 2 $310 $300 $320 $330 $340 Year 0 Cash flows -$800 a. 2.59 years b.2.96 years 2.80 years d. 2.78 years e. 2.88 years

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