$2$

An investment project has annual cash inflows of $$6,400,$$$6,900,$$$7,400,$ and $$8,400,$ and a discount rate of $11$ percent. $($Do not round

intermediate calculations. Round the final answers to $2$ decimal places.$)$

a$.$ What is the discounted payback period for these cash flows if the initial cost is $$9,500?$

Discounted payback period

years

b$.$ What is the discounted payback period for these cash flows if the initial cost is $$12,500?$

Discounted payback period

years

c$.$ What is the discounted payback period for these cash flows if the initial cost is $$18,000?$

Discounted payback period

years