Resnick 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 -$475 $200 $200 $200
A. 2.61 years
B. 1.97 years
C. 2.42 years
D. 2.26 years
E. 2.38 years
Answer: E
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