Fernando Designs is considering a project that has the following cash flow and WACC data. What is the project's discounted payback? WACC: Year Cash flows 10.00% 0 1 2 3 -$650 $500 $500 $500 O a. 1.62 years b. 1.24 years OC 1.15 years O d. 1.47 years O e 158 years