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Fernando Designs is considering a project that has the following cash flow and WACC data. What is the project's discountedpayback? WACC: 9.25% Year 0 1

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

WACC: 9.25%
Year 0 1 2 3
Cash flows -$825 $530 $530 $530
a. 2.23 years
b. 1.23 years
c. 2.77 years
d. 1.77 years
e. 1.13 years

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