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% 1 2 3 -$725 $480 $480 $480 Year Cash flows O a. 2.31 years O b. 1.69 years O c. 1.31 years O d. 1.18 years O e. 2.69 years 7