An investment project provides cash inflows of $950 per year for eight years.

a.What is the project payback period if the initial cost is $3,450?(Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)b.What is the project payback period if the initial cost is $4,500?(Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)c.What is the project payback period if the initial cost is $8,600?(Enter 0 if the project never pays back. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)