Bey Bikes Is Considering a Project That Has the Following

Multiple Choice

Bey Bikes is considering a project that has the following cash flow and WACC data.What is the project's discounted payback? $\begin{array}{lcccc}\text { WACC: } & 10.00 \% \\\text { Year: } & 0 & 1 & 2 & 3 &4\\\hline \text { Cash flows: } & -\$ 1,000 & \$ 525 & \$ 485 & \$ 445 & \$ 405\end{array}$

A) 1.72 years
B) 1.92 years
C) 2.13 years
D) 2.36 years