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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

-$925 $500 $500 $500

a. 2.29 years b. 1.79 years c. 1.96 years d. 1.85 years e. 1.42 years

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