1-Calculating Payback. What is the payback period for the following set of cash flows?

2. Calculating Payback. An investment project provides cash inflows of $745 per year for eight years. What is the project payback period if the initial cost is $1,700? What if the initial cost is $3,300? What if it is $6,100?

Year Cash Flow 0 -$8,300 1 2,100 2 3,000 3 2,300 4 1,700