An investment project costs $19,900 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?
	(Click to select) 5 5.45 5.2 5.1 4.75

(b)	What is the discounted payback period if the discount rate is 3 percent?
	(Click to select) 5.27 5.97 5.74 5.62 5.51

(c)	What is the discounted payback period if the discount rate is 22 percent?
	(Click to select) 4.35 Never 1.02 3.35 3.98

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