Problem:
An investment project has annual cash inflows of $3,300, $4,200, $5,400, and $4,600, and a discount rate of 15 percent.
Required:
Question 1: What is the discounted payback period for these cash flows if the initial cost is $6,000?
Question 2: What is the discounted payback period for these cash flows if the initial cost is $8,100?
Question 3: What is the discounted payback period for these cash flows if the initial cost is $11,100?
Note: Please show guided help with steps and answer.