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An investment project has annual cash inflows of $4,000, $4,900, $6,100, and $5,300, for the next four years, respectively. The discount rate is 13 percent.

An investment project has annual cash inflows of $4,000, $4,900, $6,100, and $5,300, for the next four years, respectively. The discount rate is 13 percent.

a.

What is the discounted payback period for these cash flows if the initial cost is $6,700? (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 $8,800? (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 $11,800? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

a.Discounted payback period:__?__ years

b.Discounted payback period:__?__ years

c.Discounted payback period:__?__years

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