Taggart Inc. is considering a project that has the following cash flow data. What is the project's payback? 0 1 2 3 Year -$1,150 $500 $500 $500 Cash flows a. 2.07 years b. 2.78 years c. 2.30 years Od. 2.53 years

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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Taggart Inc. is considering a project that has the following cash flow data. What is the project's payback?
0
1
2
3
Year
-$1,150
$500
$500
$500
Cash flows
a. 2.07 years
b. 2.78 years
c. 2.30 years
Od. 2.53 years
Transcribed Image Text:Taggart Inc. is considering a project that has the following cash flow data. What is the project's payback? 0 1 2 3 Year -$1,150 $500 $500 $500 Cash flows a. 2.07 years b. 2.78 years c. 2.30 years Od. 2.53 years
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