Resnick Inc.is considering a project that has the following cash flow data.What is the project's payback? $$\begin{array} { l c c c c }
\text { Year } & 0 & 1 & 2 & 3 \
\hline \text { Cash flows } & - \$ 475 & \$ 200 & \$ 200 & \$ 200
\end{array}$$
A) 2.61 years
B) 1.97 years
C) 2.42 years
D) 2.26 years
E) 2.38 years

Question

Resnick Inc.is considering a project that has the following cash flow data.What is the project's payback? $$\begin{array} { l c c c c } 
\text { Year } & 0 & 1 & 2 & 3 \
\hline  \text { Cash flows } & - \$ 475 & \$ 200 & \$ 200 & \$ 200
\end{array}$$
A) 2.61 years
B) 1.97 years
C) 2.42 years
D) 2.26 years
E) 2.38 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? $$\begin{array} { l c c c c } 
\text { Year } & 0 & 1 & 2 & 3 \
\hline  \text { Cash flows } & - \$ 475 & \$ 200 & \$ 200 & \$ 200
\end{array}$$
A) 2.61 years
B) 1.97 years
C) 2.42 years
D) 2.26 years
E) 2.38 years

Resnick Inc Year 0123 Cash flows −$475$200$200$200\begin{array} { l c c c c } \text { Year } & 0 & 1 & 2 & 3 \\\hline \text { Cash flows } & - \$ 475 & \$ 200 & \$ 200 & \$ 200\end{array} Year Cash flows ​0−$475​1$200​2$200​3$200​​

Resnick Inc $\begin{array} { l c c c c } \text { Year } & 0 & 1 & 2 & 3 \\\hline \text { Cash flows } & - \$ 475 & \$ 200 & \$ 200 & \$ 200\end{array}$