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Worthington Inc. is considering a project that has the following cash flow data. What is the project's payback? Year / Cash Flows 0 -$500 1

Worthington Inc. is considering a project that has the following cash flow data. What is the project's payback?

Year / Cash Flows

0 -$500

1 $175

2 $225

3 $265

What is the project's payback?

- 2.20 years

- 2.38 years

- 2.67 years

- 2.75 years

- 2.95 years

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