What is the project payback


Question: Stewart associates is considering a project that has the following cash flow data. what is the project's payback?

Year Cash flow

0 (1,000)
1 300
2 310
3 320
4 330
5 340

choices given:

2.11 years
2.34 yrs
2.60 yrs
2.89 yrs
3.21 yrs

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