An investment project costs $$21,900$ and has annual cash flows of $$4,400$ for six years.

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

$\backslash$table$[[$Discounted payback period,$4\mathrm{.}98]]$

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 $19$ percent?

Discounted payback period