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

1What is the project payback period if the initial cost is $3,450?

payback period _____ years

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

payback period _____ years

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

payback period _____ years