An investment project costs $15,100 and has annual cash flows of $3,900 for six years.

Required :
(a)	What is the discounted payback period if the discount rate is zero percent?
	Choose one: a) 3.87 b) 4.22 c)3.79 d)3.52 e)3.95

(b)	What is the discounted payback period if the discount rate is 3 percent?
	Choose one: a) 4.26 b)4.18 c)4.53 d) 3.83 e)4.1

(c)	What is the discounted payback period if the discount rate is 21 percent?
	Choose one: a) 3.98 b) 4.35 c) 1.02 d) 3.35 e) Never