Calculating Discounted Payback An investment project has annual cash infl ows of $7,000,

$7,500, $8,000, and $8,500, and a discount rate of 14 percent. What is the discounted payback period for these cash fl ows if the initial cost is $8,000? What if the initial cost is $13,000?

What if it is $18,000? LO.1