Problem:
An investment project has annual cash inflows of $5,200, $3,000, $4,300, and $3,500, and a discount rate of 13 percent. What is the discounted payback period for these cash flows if the initial cost is $4,900? What is the discounted payback period for these cash flows if the initial cost is $7,000? What is the discount payment period for these cash flows if the initial cost is $7000.
Note: Please provide through step by step calculations.