Resnick Inc. is considering a project that has the following cash flow data. What is the project's payback?Year 0 1 2 3Cash flows -$325 $200 $200 $2001. 1.93 years2. 1.63 years3. 1.80 years4. 1.67 years5. 1.50 years

2. 1.63 years

Explanation;

Payback period is one way of checking to viability of a project by checking how long it will take for the project to pay back it's initial investment.

Payback Period = Year before Payback + (Amount remaining till payback/ Cash inflow in Year of Payback)

Cash inflow is $200 each so 2 years will bring in $400 which is more than the investment.

Year before payback is therefore 1 year.

Amount remaining till payback = 325 - 200 = 125

Cash inflow in Year of Payback being the second year is $200.

Payback Period = 1 + ( 125/200)

= 1 + 0.625

= 1.625

= 1.63 years

they can see what that city is producing and to also see if they can some how get that product. like gold in africa.

all of them make sense but, i would have to say ask someone who has been there/or lives there, and/or read recent newspapers from that city.

hope this !