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

WACC:

$10\mathrm{.}00\%$

Year

$0$

$1$

$2$

$3$

$4$

Cash flows $-$$$1,100$$$525$$$485$$$445$$$405$

$2\mathrm{.}40$ years

$2\mathrm{.}66$ years

$3\mathrm{.}22$ years

$2\mathrm{.}82$ years

$2\mathrm{.}72$ years