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Craig's Car Wash Inc. is considering a project that has the following cash flow and cost of capital (r) data. What is the project's discounted

Craig's Car Wash Inc. is considering a project that has the following cash flow and cost of capital (r) data. What is the project's discounted payback?

r =	10.00%
Year	0	1	2	3
Cash flows	$900	$500	$500	$500

a. 1.88 years

b. 2.29 years

c. 2.78 years

d. 2.52 years

e. 2.09 years

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