Problem 8-2 Calculating Payback [LO 1 An investment project provides cash inflows of $1,200 per year for eight years. (Enter 0 if the answers to 2 decimal places, e.g., 32.16.) What is the project payback period if the initial cost is $3,950? Payback period What is the project payback period if the initial cost is $5,000? Payback period What is the project payback period if the initial cost is $10,600? Payback period 3.29 years 4.17 years 9.97 years References eBook & Resources Worksheet Oifficulity: 1 Basic Section: 8.2 Problem 8-2 Calculating Leaming Objective: 08-01 Summarize 8 esc OF3 F4 F5 4