Masulis Inc. is considering a project that has the following cash flow and WACC data. What is the project's discounted payback?
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WACC: 10.00%
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Year
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0
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1
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2
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3
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4
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Cash Flows
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-$950
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$525
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$485
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$445
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$405
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a. 1.61 years
b. 1.79 years
c. 1.99 years
d. 2.22 years
e. 2.44 years