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An investment project has annual cash inflows of $3,600, $4,500, $5,700, and $4,900, for the next four years, respectively. The discount rate is 15 percent.
| An investment project has annual cash inflows of $3,600, $4,500, $5,700, and $4,900, for the next four years, respectively. The discount rate is 15 percent. |
| a. | What is the discounted payback period for these cash flows if the initial cost is $6,300? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| b. | What is the discounted payback period for these cash flows if the initial cost is $8,400? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| c. | What is the discounted payback period for these cash flows if the initial cost is $11,400? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
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