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

DO NOT USE PV @10%

WACC:		10.00%
Year	0	1	2	3	4
Cash flows	-$1,300	$525	$485	$445	$405

Select one:

a. 2.62 years

b. 3.32 years

c. 2.75 years

d. 3.42 years

e. 3.05 years