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

Discount rate: 10.00%

Cash flows -

Year 0: -$1,200 Year 1: $500 Year 2: $500 Year 3: $800

2.55 years

1.91 years

2.09 years

2.25 years

2.26 years

None of them