An investment project provides cash inflows of $1,300 per year for eight years. Round your answers to 2 decimal places (e.g., 32.16).)

Requirement 1:

What is the project payback period if the initial cost is $4,150?

Payback period

years

Requirement 2:

What is the project payback period if the initial cost is $5,200?

Payback period

years

Requirement 3:

What is the project payback period if the initial cost is $11,400?

Payback period

years