Question: CANNOT BE CALCULATED ON EXCEL. MUST SHOW ALL WORK An investment project provides cash inflows of $1,250 per year for eight years. (Enter 0 if

CANNOT BE CALCULATED ON EXCEL. MUST SHOW ALL WORK

An investment project provides cash inflows of $1,250 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 $4,050?

Payback period: _______years

What is the project payback period if the initial cost is $5,100?

Payback period_______ years

What is the project payback period if the initial cost is $11,000?

Payback period________years

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