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 -$650 $500 $500 $500 (1) 1.62 years (2) 1.24 years (3) 1.47 years (4) 1.15 years (5) 1.58 years 2 of 20 completed Drafts Are Disabled