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 2.85 years 3.16 years 3.52 years 2.31 years 2.56 years

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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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
2.85 years
3.16 years
3.52 years
2.31 years
2.56 years
Transcribed Image Text: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 2.85 years 3.16 years 3.52 years 2.31 years 2.56 years
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