An investment project costs $11,800 and has annual cash flows of $3,000 for six years.

Required :
(a)	What is the discounted payback period if the discount rate is zero percent?
	(Click to select) 4.01 4.28 3.58 3.85 3.93

(b)	What is the discounted payback period if the discount rate is 6 percent?
	(Click to select) 4.53 4.63 4.28 4.72 4.98

(c)	What is the discounted payback period if the discount rate is 20 percent?
	(Click to select) Never 3.35 3.98 1.02 4.35