Garner Inc $\begin{array}{lcccc}\text { Year } & 0 & 1 & 2 & 3 \\\text { Cash flows } & -\$ 350 & \$ 200 & \$ 200 & \$ 200\end{array}$

question 36

Multiple Choice

Garner Inc.is considering a project that has the following cash flow data.What is the project's payback? $\begin{array}{lcccc}\text { Year } & 0 & 1 & 2 & 3 \\\text { Cash flows } & -\$ 350 & \$ 200 & \$ 200 & \$ 200\end{array}$

• A) 1.42 years
• B) 1.58 years
• C) 1.75 years
• D) 1.93 years
• E) 2.12 years