Taggart Inc. is considering a project that has the following cash flow data. What is the project's payback in years? Year 0 1 2 3 Cash flows -$1,175 $460 $460 $460

Financial And Managerial Accounting
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ISBN:9781337902663
Author:WARREN, Carl S.
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Chapter26: Capital Investment Analysis
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Taggart Inc. is considering a project that has the following cash flow data. What is the project's payback in years?



Year 0 1 2 3
Cash flows -$1,175 $460 $460 $460

Please explain and provide calculations.

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