Mansi Inc. is considering a project that has the following cash flow data. What is the project's payback? Year 2 Cash flows -$500 $300 $325 $350 а. 1.58 years b. 1.28 years с. 1.83 years d. 1.49 years e. 1.62 years

Financial And Managerial Accounting
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Author:WARREN, Carl S.
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Mansi Inc. is considering a project that has the following cash flow data. What is the project's payback?
Year
1
2
Cash flows
-$500
$300
$325
$350
а. 1.58 years
O b. 1.28 years
с. 1.83 years
d. 1.49 years
е. 1.62 years
Transcribed Image Text:Mansi Inc. is considering a project that has the following cash flow data. What is the project's payback? Year 1 2 Cash flows -$500 $300 $325 $350 а. 1.58 years O b. 1.28 years с. 1.83 years d. 1.49 years е. 1.62 years
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