Shannon Co A) 161 Years
B) 1

Multiple Choice

Shannon Co.is considering a project that has the following cash flow and WACC data.What is the project's discounted payback? $\begin{array}{lccccc}\text { WACC: } & 10.00 \% & & & \\\text { Year } & 0 & 1 & 2 & 3 & 4 \\\text { Cash flows } & -\$ 950 & \$ 525 & \$ 485 & \$ 445 & \$ 405\end{array}$

A) 1.61 years
B) 1.79 years
C) 1.99 years
D) 2.22 years
E) 2.44 years