Suzanne's Cleaners Is Considering a Project That Has the Following

question 23

Multiple Choice

Suzanne's Cleaners 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
−$1,100
$300
$310
$320
$330
$340

• A) 2.31 years
• B) 2.56 years
• C) 2.85 years
• D) 3.16 years
• E) 3.52 years

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