Fernando Designs is considering a project that has the following cash flow and WACC data. What is the project's discounted payback? 1 2 3 $520 $520 $520 WACC: 11.25% Year 0 Cash flows -$700 O a. 2.45 years O b. 1.27 years O c. 1.55 years O d. 2.55 years O e 1.45 years