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Question
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
Answer
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