An investment project provides cash inflows of $950 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 $3,450?

Payback period

years

Requirement 2:

What is the project payback period if the initial cost is $4,500?

Payback period

years

Requirement 3:

What is the project payback period if the initial cost is $8,600?

Payback period

years