Tapley Dental Associates is considering a project that has the following cash flow data. What is the project's payback? Year 0 1 2 3 4 5 Cash flows -$1,000 $300 $310 $320 $330 $340 a. 2.11 years b. 2.50

Tapley Dental Associates is considering a project that has the following cash flow data. What is the project's payback?

Year 0 1 2 3 4 5
Cash flows -$1,000 $300 $310 $320 $330 $340
a. 2.11 years
b. 2.50 years
c. 2.71 years
d. 3.05 years

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