An investment project provides cash inflows of $615 per year for eight years. What is the project payback period if the initial cost is $1,600? What if the initial cost is $3,200? What if it is $5,200?

What is the project payback period if the initial cost is $1,600? (Enter 0 if the project never pays back. Round your answer to 2 decimal places. (e.g., 32.16))

Payback period

years

What is the project payback period if the initial cost is $3,200? (Enter 0 if the project never pays back. Round your answer to 2 decimal places. (e.g., 32.16))

Payback period

years

What is the project payback period if the initial cost is $5,200? (Enter 0 if the project never pays back. Round your answer to 2 decimal places. (e.g., 32.16))

Payback period

years