Garner Inc. is considering a project that has the following cash flow data. What is the project's payback?
Year0
1
2
3
Cash flows?$350
$200
$200
$200
A. 1.42 years
B. 1.58 years
C. 1.75 years
D. 1.93 years
E. 2.12 years
Answer: C
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