Taggart Inc. is considering a project that has the following cash flow data. What is the project's payback?  Year 0     1   2   3   Cash flows -$1,075 $500 $500 $500

A. 2.15 years
B. 1.70 years
C. 2.11 years
D. 1.81 years
E. 2.45 years


Answer: A

Business

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