An investment project has annual cash inflows of $5,000, $5,500, $6,000, and $7,000, and a discount rate of 14 percent.

What is the discounted payback period for these cash flows if the initial cost is $8,000? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Discounted payback period

years

What is the discounted payback period for these cash flows if the initial cost is $12,000? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Discounted payback period

years

What is the discounted payback period for these cash flows if the initial cost is $16,000? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Discounted payback period

years