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An investment project provides cash inflows of $1,400 per year for eight years. ( Do not round intermediate calculations. Enter 0 if the project never

An investment project provides cash inflows of $1,400 per year for eight years. (Do not round intermediate calculations. Enter 0 if the project never pays back. Round your answers to 2 decimal places (e.g., 32.16).)

Requirement 1:
What is the project payback period if the initial cost is $4,350?
Payback period years
Requirement 2:
What is the project payback period if the initial cost is $5,400?
Payback period years
Requirement 3:
What is the project payback period if the initial cost is $12,200?
Payback period years

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