1. Resnick Inc. is considering a project that has the following cash flow data. What is the project's payback?

   Year	0	1	2	3
   Cash flows	-$300	$200	$200	$200

   	a.	1.16 years
   	b.	1.14 years
   	c.	1.50 years
   	d.	1.52 years
   	e.	1.29 years

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

   WACC:		10.00%
   Year	0	1	2	3	4
   Cash flows	-$825	$525	$485	$445	$405

   	a.	1.76 years
   	b.	1.87 years
   	c.	2.32 years
   	d.	1.46 years
   	e.	1.42 years