An investment project has annual cash inflows of $6,600, $7,700, $8,500, and $9,800, and a discount rate of 11 percent. Required: What is the discounted payback period for these cash flows if the initial cost is $9,500? (Do not round your intermediate calculations.)

rev: 09_18_2012 1.07 years 1.57 years 2.32 years 3.14 years 0.57 years

An investment project costs $13,800 and has annual cash flows of $3,400 for six years.

Required :
(a)	What is the discounted payback period if the discount rate is zero percent?
	(Click to select)3.713.984.414.064.14

(b)	What is the discounted payback period if the discount rate is 5 percent?
	(Click to select)54.654.754.564.3

(c)	What is the discounted payback period if the discount rate is 18 percent?