Question: Fernando Designs 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
Cash flows -$700 $500 $500 $500
- 1.26 years
- 1.47 years
- 1.59 years
- 1.86 years
- 1.39 years