P9-5 Calculating Discounted Payback [LO3] An investment project costs $12,500 and has annual cash flows of $3,300 for six years. a. What is the discounted payback period if the discount rate is zero percent? Discounted payback period b. What is the discounted payback period if the discount rate is 5 percent? Discounted payback period

P9-5 Calculating Discounted Payback [LO3] An investment project costs $12,500 and has annual cash flows of $3,300 for six years. a. What is the discounted payback period if the discount rate is zero percent? b. What is the discounted payback period if the discount rate is 5 percent