An investment project provides cash inflows of $675 per year for eight years.
a. What is the project payback period if the initial cost is $1,850? (Enter 0 if the project never pays back. Round your answer to 2 decimal places, e. g., 32.16.).
b. What is the project payback period if the initial cost is $3,600? (Enter 0 if the project never pays back. Round your answer to 2 decimal places, e. g., 32.16.).
c. What is the project payback period if the initial cost is $5,500? (Enter 0 if the project never pays back. Round your answer to 2 decimal places, e. g., 32.16.)
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