An investment project provides cash inflows of $1,350 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 $4,250? Payback period _years Requirement 2:What is the project payback period if the initial cost is $5,300? Payback period _years Requirement 3:What is the project payback period if the initial cost is $11,800? Payback period _years