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Worthington Inc  Year 0123 Cash flows −$500$150200$300\begin{array} { l c c c c } \text { Year } & 0 & 1 & 2 & 3 \\\text { Cash flows } & - \$ 500 & \$ 150 & 200 & \$ 300\end{array}

Question 8

Multiple Choice

Worthington Inc. is considering a project that has the following cash flow data. What is the project's payback?
 Year 0123 Cash flows −$500$150200$300\begin{array} { l c c c c } \text { Year } & 0 & 1 & 2 & 3 \\\text { Cash flows } & - \$ 500 & \$ 150 & 200 & \$ 300\end{array}


A) 2.03 years
B) 2.25 years
C) 2.50 years
D) 2.75 years
E) 3.03 years

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