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
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
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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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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