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

$-$$$1,300$

$$525$

$$485$

$$445$

$$405$

$2\mathrm{.}62$ years

$3\mathrm{.}32$ years

$2\mathrm{.}75$ years

$3\mathrm{.}42$ years

$3\mathrm{.}05$ years