An investment project costs $17,000 and has annual cash flows of $4,700 for six years.

An investment project costs $17,000 and has annual cash flows of $4,700 for six years.

a.	What is the discounted payback period if the discount rate is zero percent? (Enter 0 if the project never pays back. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b.	What is the discounted payback period if the discount rate is 5 percent? (Enter 0 if the project never pays back. Round your answer to 2 decimal places, e.g., 32.16.)
c.	What is the discounted payback period if the discount rate is 19 percent? (Enter 0 if the project never pays back. Round your answer to 2 decimal places, e.g., 32.16.)