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