Worthington Inc. is considering a project that has the following cash flow data. What is the project's payback?
Year0
1
2
3
Cash flows?$500
$150
$200
$300
A. 2.03 years
B. 2.25 years
C. 2.50 years
D. 2.75 years
E. 3.03 years
Answer: C
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