An investment project costs $14,000 and has annual cash flows of $3,600 for six years.

Required :
(a)	What is the discounted payback period if the discount rate is zero percent?
	4.24 3.97 3.89 3.54 3.81

(b)	What is the discounted payback period if the discount rate is 5 percent?
	4.53 4.09 4.35 4.44 4.79

(c)	What is the discounted payback period if the discount rate is 19 percent?
	3.35 Never 4.35 1.02 3.98