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Stewart Associates is considering a project that has the following cash flow data. What is the projects payback? Initial investment (970.00) Cash flow-yr-1 340.00 Cash

Stewart Associates is considering a project that has the following cash flow data. What is the projects payback?

Initial investment (970.00)
Cash flow-yr-1 340.00
Cash flow-yr-2 374.00
Cash flow-yr-3 408.00
Cash flow-yr-4 442.00

2.50 yrs

2.63 yrs

2.00 yrs

3.00 yrs

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