Problem $9-4$ Calculating Discounted Payback $($LO$3)$

An investment project has annual cash inflows of $$4,600,$ $$5,500,$ $$6,300,$ and $$7,600,$ and a discount rate of $14\%.$

What is the discounted payback period for these cash flows if the initial cost is $$7,200?($Do not round intermediate calculations. Round the final answer to $2$ decimal places.$)$

Discounted payback period $3\mathrm{.}54$ Numeric Response $1.$Edit Unavailable. $3\mathrm{.}54$ incorrect.years

What is the discounted payback period for these cash flows if the initial cost is $$10,320?($Do not round intermediate calculations. Round the final answer to $2$ decimal places.$)$

Discounted payback period $3\mathrm{.}15$ Numeric Response $2.$Edit Unavailable. $3\mathrm{.}15$ incorrect.years

What is the discounted payback period for these cash flows if the initial cost is $$13,440?($Do not round intermediate calculations. Round the final answer to $2$ decimal places.$)$

Discounted payback period $3\mathrm{.}03$ Numeric Response $3.$Edit Unavailable. $3\mathrm{.}03$ incorrect.years