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Taggart Inc. is considering a project that has the following cash flow data. What is the project's payback? Year 0 1 2 3 Cash flows
Taggart Inc. is considering a project that has the following cash flow data. What is the project's payback?
Year 0 1 2 3
Cash flows -$1,375 $500 $500 $500
a. 2.15 years
b. 1.70 years
c. 2.11 years
d. 1.81 years
e. 2.75 years
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