An investment project costs $$15,500$ and has annual cash flows of $$3,400$ for six years.

a$.$ What is the discounted payback period if the discount rate is zero percent?

Discounted payback period

b$.$ What is the discounted payback period if the discount rate is $5$ percent?

Discounted payback period

c$.$ What is the discounted payback period if the discount rate is $20$ percent?

Discounted payback period