An investment project costs $16,000 and has annual cash flows of $4,000 for six years.

An investment project costs $16,000 and has annual cash flows of $4,000 for six years. a. What is the discounted payback period if the discount rate is zero percent? b. What is the discounted payback period if the discount rate is 5 percent? c. What is the discounted payback period if the discount rate is 19 percent