Stern Associates is considering a project that has the following cash flow data. What is the project's payback? Year 0 1 2 3 4 5 Cash flows -$975 $300 $310 $320 $330 $340
A. 2.54 years
B. 2.42 years
C. 3.83 years
D. 3.14 years
E. 3.61 years
Answer: D
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