Stern Associates is considering a project that has the following cash flow data. What is the project's payback

Question 22 of 30 Stern Associates is considering a project that has the following cash flow data. What is the project's payback? Year Cash flows -$1 ,050 1 $400 2 $410 3 $420 4 $430 5 $440 O O O O O a. 2.57 years b. 3.57 years c. 1.43 years d. 2.43 years e. 1.17 years