1.The payback period for the following set of cash flows is __ years.(Round your answer to 2 decimal laces. (e.g., 32.16))

Year	Cash Flow
0	$6,100
1	1,900
2	1,600
3	1,900
4	1,400

2. An investment project has annual cash inflows of $8,600, $8,300, $8,700, and $7,300, and a discount rate of 11 percent. If the initial cost is $21,900, the discounted payback period for these cash flows is ...... years. (Round your answer to 2 decimal places. (e.g., 32.16))

3.An investment project costs $13,300 and has annual cash flows of $3,200 for 6 years. If the discount rate is zero percent, the discounted payback period is ___ years. If the discount rate is 3 percent, the discounted payback period is ___ years. If the discount rate is 22 percent, the discounted payback period is ____ years. (Enter 0 when there is no payback period. Round your answers to 2 decimal places. (e.g., 32.16))

4.A firm evaluates all of its projects by applying the IRR rule. The IRR for the following project is percent. If the required return is 28 percent, the firm should (Click to select)rejectaccept the project. (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16))

Year	Cash Flow
0	$28,014
1	20,000
2	17,000
3	4,000