Suzanne's Cleaners is considering a project that has the following cash flow data.What is the project's payback?
Year
0
1
2
3
4
5
Cash flows
−$1,100
$300
$310
$320
$330
$340
A) 2.31 years
B) 2.56 years
C) 2.85 years
D) 3.16 years
E) 3.52 years

Question

Quizplus · Accepted Answer

The Answer of Suzanne's Cleaners is considering a project that has the following cash flow data.What is the project's payback?
Year
0
1
2
3
4
5
Cash flows
−$1,100
$300
$310
$320
$330
$340
A) 2.31 years
B) 2.56 years
C) 2.85 years
D) 3.16 years
E) 3.52 years

Suzanne's Cleaners Is Considering a Project That Has the Following