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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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