Calculating Discounted Payback $[$LO$3]$ An investment project has annual cash

inflows of $$3,200,$$$4,100,$$$5,300,$ and $$4,500,$ and a discount rate of $14$ percent.

What is the discounted payback period for these cash flows if the initial cost is

$$5,900?$ What if the initial cost is $$8,000?$ What if it is $$11,000?$