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An investment project costs $ 1 0 , 0 0 0 and has annual cash flows of $ 2 , 8 0 0 for six

An investment project costs $10,000 and has annual cash flows of $2,800 for six years.
a. What is the discounted payback period if the discount rate is zero percent? (Enter 0 if
the project never pays back. Do not round intermediate calculations and round
your answer to 2 decimal places, e.g.,32.16.)
b. What is the discounted payback period if the discount rate is 4 percent? (Enter 0 if
the project never pays back. Do not round intermediate calculations and round
your answer to 2 decimal places, e.g.,32.16.)
c. What is the discounted payback period if the discount rate is 21 percent? (Enter 0 if
the project never pays back. Do not round intermediate calculations and round
your answer to 2 decimal places, e.g.,32.16.)
Answer is complete but not entirely correct.
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