An investment project costs $13,100 and has annual cash flows of $3,300 for six years. Required: (a) What is the discounted payback period if the discount rate is zero percent? 3.62 3.97 3.89 4.32 4.05 (b) What is the discounted payback period if the discount rate is 4 percent? 4.76 4.5 4.06 4.41 4.33 (c) What is the discounted payback period if the discount rate is 19 percent? Never 1.02 4.35 3.98 3.35