Calculating Payback

An investment project provides cash inflows of $1,350 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 $4,250?

Payback period             years

What is the project payback period if the initial cost is $5,300?

Payback period             years

What is the project payback period if the initial cost is $11,800?

Payback period             years