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 -$925 $525 $485 $445 $405
a. 2.14 years
b. 2.40 years
c. 1.95 years
d. 2.25 years
e. 1.86 years