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Calculating Payback Period An investment project provides cash inflows of $585 per year for 9 years. Required: Scenario 1 - What is the project payback

Calculating Payback Period

An investment project provides cash inflows of $585 per year for 9 years. 
Required:
Scenario 1 - What is the project payback period if the initial cost is $,700?
Scenario 2 - What is the project payback period if the initial cost is $2,450?
Scenario 3 - What is the project payback period if the initial cost is $7,320?

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