Resnick Inc. is considering a project that has the following cash flow data. What is the project's payback?
$\begin{array}{c}
\begin{array}{lll}
\text {Year}\
\text {Cash flows}
\end{array}
\begin{array}{lll}
0 \
\hline -\$350
\end{array}
\begin{array}{lll}
1 \
\hline \$200
\end{array}
\begin{array}{lll}
2 \
\hline \$200
\end{array}
\begin{array}{lll}
3 \
\hline \$200
\end{array}
\end{array}$

a. $1.42$ years
b. $1.58$ years
c. $1.75$ years
d. $1.93$ years
e. $2.12$ years

Question

Resnick Inc. is considering a project that has the following cash flow data. What is the project's payback?
$\begin{array}{c}
\begin{array}{lll}
 \text {Year}\
\text {Cash flows}
\end{array}
\begin{array}{lll}
 0 \
\hline -\$350
\end{array}
\begin{array}{lll}
1 \
\hline \$200
\end{array}
\begin{array}{lll}
2 \
\hline \$200
\end{array}
\begin{array}{lll}
3 \
\hline \$200
\end{array}
\end{array}$

a. $1.42$ years
b. $1.58$ years
c. $1.75$ years
d. $1.93$ years
e. $2.12$ years

Quizplus · Accepted Answer

The Answer of Resnick Inc. is considering a project that has the following cash flow data. What is the project's payback?
$\begin{array}{c}
\begin{array}{lll}
 \text {Year}\
\text {Cash flows}
\end{array}
\begin{array}{lll}
 0 \
\hline -\$350
\end{array}
\begin{array}{lll}
1 \
\hline \$200
\end{array}
\begin{array}{lll}
2 \
\hline \$200
\end{array}
\begin{array}{lll}
3 \
\hline \$200
\end{array}
\end{array}$

a. $1.42$ years
b. $1.58$ years
c. $1.75$ years
d. $1.93$ years
e. $2.12$ years

Resnick Inc A 1.421.421.42 Years B 1.581.581.58 Years C 1.751.751.75 Years D 1.931.931.93 Years E

Resnick Inc A $1.42$ Years
B $1.58$ Years
C $1.75$ Years
D $1.93$ Years
E