Ves Editing B D G H F An investment project has annual cash inflows of $3,700, $4,800, $6,300, and $5,400, for the next four years, respectively. The discount rate is 12 percent a) What is the discounted payback period if the initial cost is $6,2002 b) What is the discounted payback period if the initial cost is $9,600? c) What is the discounted payback period if the initial cost is $11,800? Input area: a) discount rate 12 Cash Cumulative discount 0 -5,200 -5,200 1 1 3,700 -1,500 1.12 2 4,800 3,300 3 6,300 9,600 4 5,400 15,000 Annual cash inflows Year 1 Year 2 Year 3 Year 4 Discount rate X B D F G M Initial cost Initial cost Initial cost Output area Discounted payments: Year 1 $ Year 2 $ Year 3 Year 4 $ Payback period Payback period Payback period