Worthington Inc. is considering a project that has the following cash flow data. What is the project's payback?YearCash flows3-$500$150$200$300O 2.03 yearsO 2.25 yearsO 2.50 yearsO 2.75 yearsO 3.03 years

It refers to the time period that is required to get an amount invested in a project with some…

Answered: ta. What is the project's payback?

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ta. What is the project's payback?

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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Question

Worthington Inc. is considering a project that has the following cash flow data. What is the project's payback?
Year
Cash flows
3
-$500
$150
$200
$300
O 2.03 years
O 2.25 years
O 2.50 years
O 2.75 years
O 3.03 years

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