Calculating Discounted Payback [LO3] An investment project has annual cash inflows of $4,200, $5,300, $6,100, and $7,400 for the next four year, respectively, and a discount rate of 14 percent. What is the discounted payback period for these cash flows if the initial cost is $6,500? What if the initial cost is $9,600? What if it is $11,800?

V4. Calculating Discounted Payback [LO3] An investment project has annual cash inflows of $4,200, $5,300, $6,100, and $7,400 for the next four years, respectively, and a discount rate of 14 percent. What is the discounted payback period for these cash flows if the initial cost is $6,500? What if the initial cost is $9,600? What if it is $11.800