Rodger associates is considering a project that has the following cash flow and WCAA data.

What is the projects discounted payback?

WACC= 8.0%

Year 0 CF= -$900

Year 1 CF= $500

Year 3 CF= $500

Multiple Choice:

2.02 years

1.98 years

1.89 years

1.50 years

1.80 years

Year 4 CF= $500