An investment project provides cash inflows of $645 per year for eight years.
What is the project payback period if the initial cost is $1,800? (Do not round intermediate calculations. Enter 0 if the project never pays back. Round your answer to 2 decimal places (e.g., 32.16).)
Payback period ______ years
What is the project payback period if the initial cost is $3,500? (Do not round intermediate calculations. Enter 0 if the project never pays back. Round your answer to 2 decimal places (e.g., 32.16).)
Payback period ______ years
What is the project payback period if the initial cost is $5,300? (Do not round intermediate calculations. Enter 0 if the project never pays back. Round your answer to 2 decimal places (e.g., 32.16).)
Payback period ______ years