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  3. an investment project has annual cash inflows of $

An investment project has annual cash inflows of $3,800,$4,700,$5,900, and $5,100, for the next four...

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Accounting

An investment project has annual cash inflows of $3,800,$4,700,$5,900, and $5,100, for the next four years, respectively. The discount rate is 14 percent.
a. What is the discounted payback period for these cash flows if the initial cost is $6,500?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
b. What is the discounted payback period for these cash flows if the initial cost is $8,600?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
c. What is the discounted payback period for these cash flows if the initial cost is $11,600?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
Answer is complete but not entirely correct.
\table[[a. Discounted payback period,1.95x,years],[b. Discounted payback period,1.50x,years],[c. Discounted payback period,1.18x,years]]
Use excel
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