An investment project has annual cash inflows of $4,700, $3,600, $4,800, and $4,000, for the next four years, respectively. The discount rate is 14 percent.

1. What is the discounted payback period for these cash flows if the initial cost is $5,400? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Discounted payback period

years

2.What is the discounted payback period for these cash flows if the initial cost is $7,500? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Discounted payback period

years

3.What is the discounted payback period for these cash flows if the initial cost is $10,500? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Discounted payback period

years