An investment project provides cash inflows of $645 per year for eight years. What is the project payback period if the initial cost is $1,550? What if the initial cost is $3,300? What if it is $5,400?

What is the project payback period if the initial cost is $1,550? (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 $3,300? (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 $5,400? (Enter 0 if the project never pays back. Round your answer to 2 decimal places. (e.g., 32.16))

Payback period

years