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Fernando Designs is considering a project that has the following cash flow and WACC data. What is the project's discounted payback? 1.59 WACC: 10.00% Year

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

1.59

WACC: 10.00%

Year 0 1 2 3

Cash flows -$700 $500 $500 $500

Please help me by providing step by step instructions using a financial calculator.

I know the answer but i want to understand how to solve this with a financial calculator.

DO NOT USE EXCEL

PV of CFs

-700

455

413

376

Cumulative CF

-900

-245

168

543

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