An investment project costs $10,000 and has annual cash flows of $2,920 for six years.

What is the discounted payback period if the discount rate is zero percent?(Do not round intermediate calculations. Enter 0 if the project never pays back. Round your answer to 2 decimal places, e.g., 32.16.)

Discounted payback period3.425years (correct)

What is the discounted payback period if the discount rate is 4 percent?(Do not round intermediate calculations.Enter 0 if the project never pays back. Round your answer to 2 decimal places, e.g., 32.16.)

Discounted payback period3.65years (Incorrect)

What is the discounted payback period if the discount rate is 21 percent?(Do not round intermediate calculations.Enter 0 if the project never pays back. Round your answer to 2 decimal places, e.g., 32.16.)

Discounted payback period0years (correct)