An investment project provides cash inflows of $1,075 per year for eight years. (Do not round intermediate calculations. Enter 0 if the project never pays back. Round your answers to 2 decimal places (e.g., 32.16).)
Requirement 1:
What is the project payback period if the initial cost is $3,700?
Payback period years
Requirement 2:
What is the project payback period if the initial cost is $4,750?
Payback period years
Requirement 3:
What is the project payback period if the initial cost is $9,600?
Payback period years