Problem 9-4 Calculating Discounted Payback [LO3] An investment project has annual cash inflows of $3,800, $4,700, $5,900, and $5,100, for the next four years, respectively. The discount rate is 14 percent. a. What is the discounted payback period for these cash flows if the initial cost is $6,500? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the discounted payback period for these cash flows if the initial cost is $8,600? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What is the discounted payback period for these cash flows if the initial cost is $11,600? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) years a. Discounted payback period b. Discounted payback period Discounted payback period years c. years