An investment project provides cash inflows of $1,200 per year for eight years. (Enter 0 if the project never pays back. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
What is the project payback period if the initial cost is $3,950?
Payback period years
What is the project payback period if the initial cost is $5,000?
Payback period years
What is the project payback period if the initial cost is $10,600?
Payback period years