Susmel Inc A $2.03$ Years
B $2.25$ Years
C $2.50$ Years
D $2.75$ Years
E

Susmel Inc. is considering a project that has the following cash flow data. What is the project's payback? $\begin{array}{c}\begin{array}{lll} \text {Year}\\\text {Cash flows}\end{array}\begin{array}{lll} 0 \\\hline -\$500\end{array}\begin{array}{lll}1 \\\hline \$150\end{array}\begin{array}{lll}2 \\\hline \$200\end{array}\begin{array}{lll}3 \\\hline \$300\end{array}\end{array}$

a $2.03$ years
b. $2.25$ years
c. $2.50$ years
d. $2.75$ years
e. $3.03$ years