Stern Associates is çonsidering a project that has the following cash flow data. What is the project's paybacka 1 4 Year Cash flows -$975 $300 $310 $320 $330 $340 a. 3.61 years b. 3.14 years C. 2.42 years d. 2.54 years e. 3.83 years

Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter26: Real Options
Section: Chapter Questions
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Stern Associates is çonsidering a project that has the following cash flow data. What is the project's payback?
Year
1
3
4
Cash flows
-$975
$300
$310
$320
$330
$340
a. 3.61 years
b. 3.14 years
C. 2.42 years
d. 2.54 years
e. 3.83 years
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Transcribed Image Text:Stern Associates is çonsidering a project that has the following cash flow data. What is the project's payback? Year 1 3 4 Cash flows -$975 $300 $310 $320 $330 $340 a. 3.61 years b. 3.14 years C. 2.42 years d. 2.54 years e. 3.83 years - Icon Key
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