Masulis Inc. is considering a project that has the following cash flow and WACC data. What is the project's discounted payback? 9. WACC: Year Cash flows $925 $525 $485 $445 10.00% 10. Noe Drilling Inc. is considering Projects S and L, whose cash flows are shown below. These projects are mutually exclusive, equally risky, and not repeatable. Which project should be undertaken? WACC: 9.00% 0 1,100 $550 $2,750 $725 CFs $600 $100 $100 S725 $800 $1,400 CFL