Mansi 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 -$500 $300 $325 $350
A. 1.28 years
B. 1.58 years
C. 1.83 years
D. 1.62 years
E. 1.49 years
Answer: D
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