Problem:
An investment project has annual cash inflows of $4,900, $3,400, $4,600, and $3,800, and a discount rate of 13 percent.
Required:
Question 1: What is the discounted payback period for these cash flows if the initial cost is $5,200?
Question 2: What is the discounted payback period for these cash flows if the initial cost is $7,300?
Question 3: What is the discounted payback period for these cash flows if the initial cost is $10,300?
Note: Please show guided help with steps and answer.