Resnick Inc. is considering a project that has the following cash flow data. What is the project's payback? Year Cash flows a. 2.58 years O b. 1.58 years O c. 1.38 years O d. 2.17 years O e. 2.83 years 0 -$325 1 $150 2 $150 3 $150

Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter26: Capital Investment Analysis
Section: Chapter Questions
Problem 4CMA
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Resnick Inc. is considering a project that has the following cash flow data. What is the project's
payback?
Year
Cash flows
a. 2.58 years
O b. 1.58 years
O c. 1.38 years
O
d. 2.17 years
e. 2.83 years
0
-$325
1
$150
2
$150
3
$150
Transcribed Image Text:Resnick Inc. is considering a project that has the following cash flow data. What is the project's payback? Year Cash flows a. 2.58 years O b. 1.58 years O c. 1.38 years O d. 2.17 years e. 2.83 years 0 -$325 1 $150 2 $150 3 $150
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