An investment project costs $10,000 and has annual cash flows of $2,940 for six years. We assume that the project is generating every annual cash flow across the year. Assume the discount rate is 6 percent.

-Under the standard payback period calculation, how many dollars are left to recover by the end of the three years?

-What is payback period?

-How many dollars are left to recover by end of three years?

-What is discounted payback period?