Stewart Associates is considering a project that has the following cash flow data.What is the project's payback? $\begin{array}{lcccc}
\text { Year: } & 0 & 1 & 2 & 3&4 &5\
\hline \text { Cash flows: } &-\$ 1,000 & \$ 300 & \$ 310 & \$ 320 & \$ 330 & \$ 340
\end{array}$
A)2.34 years
B)2.60 years
C)2.89 years
D)3.21 years

Question

Stewart Associates is considering a project that has the following cash flow data.What is the project's payback? $\begin{array}{lcccc}
\text { Year: } & 0 & 1 & 2 & 3&4 &5\
\hline  \text { Cash flows: } &-\$ 1,000 & \$ 300 & \$ 310 & \$ 320 & \$ 330 & \$ 340
\end{array}$
A)2.34 years
B)2.60 years
C)2.89 years
D)3.21 years

Quizplus · Accepted Answer

The Answer of Stewart Associates is considering a project that has the following cash flow data.What is the project's payback? $\begin{array}{lcccc}
\text { Year: } & 0 & 1 & 2 & 3&4 &5\
\hline  \text { Cash flows: } &-\$ 1,000 & \$ 300 & \$ 310 & \$ 320 & \$ 330 & \$ 340
\end{array}$
A)2.34 years
B)2.60 years
C)2.89 years
D)3.21 years

Stewart Associates Is Considering a Project That Has the Following