An investment project costs $16,500 and has annual cash flows of $4,500 for six years

a. What is the discounted payback period if the discount rate is zero percent? Discounted payback period

b. What is the discounted payback period if the discount rate is 5 percent? Discounted payback period

c. What is the discounted payback period if the discount rate is 22 percent? Discounted payback period