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Beta Enterprises, Inc. has a WACC of 11% and is considering a project that requires a cash outlay of $1,150 now with cash inflows of
Beta Enterprises, Inc. has a WACC of 11% and is considering a project that requires a cash outlay of $1,150 now with cash inflows of $575 at the end of Year 1, $495 at the end of Year 2, and $775 at the end of Year 3. What is the project's discounted payback? Note: Enter your answer rounded off to two decimal points since discounted payback is in terms of years and fractions of years. For example, if your answer is 3.456 years then enter as 3.46 in the answer box.
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