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An investment project has annual cash inflows of $7,400, $7,900, $8,400, and $9,400, and a discount rate of 16 percent (Do not round intermediate calculations.

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An investment project has annual cash inflows of $7,400, $7,900, $8,400, and $9,400, and a discount rate of 16 percent (Do not round intermediate calculations. Round the final answers to 2 decimal places.) a. What is the discounted payback period for these cash flows if the initial cost is $11,000? Discounted payback period years b. What is the discounted payback period for these cash flows if the initial cost is $14,000? Discounted payback period years c. What is the discounted payback period for these cash flows if the initial cost is $20,000? Discounted payback period years

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