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

WACC:	10.00%
Year	0	1	2	3
Cash flows	-$650	$500	$500	$500

a. 1.47 years

b. 1.62 years

c. 1.15 years

d. 1.58 years

e. 1.24 years

PLEASE SHOW ALL WORK