Fernando Designs is considering a project that has the following cash flow and WACC data. What is the project's discounted payback?

WACC:	8.25%
Year	0	1	2	3
Cash flows	-$725	$530	$530	$530

a. 1.52 years

b. 1.30 years

c. 1.48 years

d. 2.52 years

e. 2.48 years