An investment project provides cash inflows of $650 per year for 10 years.

a. What is the project payback period if the initial cost is $2,600?

• 4.00 years
• 4.04 years
• 3.80 years
• 3.88 years
• 4.08 years

b. What is the project payback period if the initial cost is $3,705?

• 5.70 years
• 5.76 years
• 5.42 years
• 5.81 years
• 5.53 years

c. What is the project payback period if the initial cost is $7,150?

• 3.01 years
• Never
• 4.95 years
• 5.25 years
• 1.35 years