An investment project costs $$16,800$ and has annual cash flows of $$3,900$ 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 $3$ percent?

Discounted payback period

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