Susmel Inc. is considering a project that has the following cash flow data.  The project's regular payback period is ________ years.   Show 2 decimals.           Year 0 1 2 3 Cash Flows -$500 $150 $200 $300

Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter26: Capital Investment Analysis
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Susmel Inc. is considering a project that has the following cash flow data.  The project's regular payback period is ________ years.   Show 2 decimals.
         
Year 0 1 2 3
Cash Flows -$500 $150 $200 $300
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