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What is this project's payback? Year 0 1 2 3 Cash flows -$1150 $500 $525 $550 a. 2.41 years b. 1.81 years c. 2.05 years

What is this project's payback?

Year

0

1

2

3

Cash flows

-$1150

$500

$525

$550

a.

2.41 years

b.

1.81 years

c.

2.05 years

d.

1.62 years

e.

2.23 years

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