Garvin Enterprises is considering a project that has the following cash flow and WACC data. What is the project$$s discounted payback?

CF

Initial investment $(900\mathrm{.}00)$

Cash flow$-$yr$-1590\mathrm{.}00$

Cash flow$-$yr$-2590\mathrm{.}00$

Cash flow$-$yr$-3590\mathrm{.}00$

WACC $8\mathrm{.}0\%$

Question $4$Answer

a$.$

$1\mathrm{.}70$ yrs

b$.$

$2\mathrm{.}00$ yrs

c$.$

$2\mathrm{.}30$ yrs

d$.$

$1\mathrm{.}53$ yrs