1 An Investment project provides cash inflows of $975 per year for eight years. a. What is the project payback period if the Initial cost is $3,500? (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. What is the project payback period if the initial cost is $4,550? (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. What is the project payback period if the Initial cost is $8,800? (Enter 0 if the project never pays back. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) a. Payback period years b. Payback period years c. Payback period years