Question: Daigles Bagels has a 8% WACC and is evaluating a project for this years capital budget. After-tax cash flows, including depreciation, are as follows: Year

Daigles Bagels has a 8% WACC and is evaluating a project for this years capital budget. After-tax cash flows, including depreciation, are as follows:

Year Cashflow
0 -$1,100
1 $400
2 $400
3 $450
4 $100

What is the project's expected Payback? Answer with 2 decimals (ex. 1.11).

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