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Fernando Designs is considering a project that has the following cash flow and WACC data. What is the project's discounted payback? WACC: 10.00% Year 0

Fernando Designs is considering a project that has the following cash flow and WACC data. What is the project's discounted payback? WACC: 10.00% Year 0 1 2 3 Cash flows -$950 $500 $500 $500 Choose One Possible Answer: 2.22years 2.04years 2.75years 1.69years 2.35years Please show work

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