t4 q 16 mcglothin inc is considering a project that has the following
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T4-Q#16
McGlothin Inc. is considering a project that has the following cash flow data. What is the project's
payback?
Year
0
1
2
3
Cash flows
-$1,150
$500
$500
$500
O a. 2.30 years
O b. 2.78 years
○ c. 2.07 years
O d. 2.53 years
O e. 1.86 years