1) What is the payback period on Popeye's purchase of a new pleasure boat for his tourist business? The expected cash flows appear below. (note: payback is in years; round to 2 decimals)

Year 0 cash flow = -10,000,000

Year 1 cash flow = 4,100,000

Year 2 cash flow = 4,400,000

Year 3 cash flow = 3,500,000

Year 4 cash flow = 2,800,000

Year 5 cash flow = 3,100,000

Year 6 cash flow = 2,500,000

2) What is the payback period on Popeye's purchase of a new pleasure boat for his tourist business? The expected cash flows appear below. (note: payback is in years; round to 2 decimals)

Year 0 cash flow = -8,600,000

Year 1 cash flow = 4,100,000

Year 2 cash flow = 3,800,000

Year 3 cash flow = 3,200,000

Year 4 cash flow = 4,000,000

Year 5 cash flow = 2,200,000

Year 6 cash flow = 3,900,000

3) Nano Specialist is considering an upgrade project. The estimated cash flows from the upgrade project appear below. What is the project's payback period? Note that year 0 and year 1 cash flows are negative. (Answer in years, round to 2 places)

Year 0 cash flow = -79,000

Year 1 cash flow = -36,000

Year 2 cash flow = 24,000

Year 3 cash flow = 31,000

Year 4 cash flow = 27,000

Year 5 cash flow = 27,000

Year 6 cash flow = 26,000

Year 7 cash flow = 30,000

4) Nano Specialist is considering an upgrade project. The estimated cash flows from the upgrade project appear below. What is the project's payback period? Note that year 0 and year 1 cash flows are negative. (Answer in years, round to 2 places)

Year 0 cash flow = -89,000

Year 1 cash flow = -45,000

Year 2 cash flow = 16,000

Year 3 cash flow = 28,000

Year 4 cash flow = 27,000

Year 5 cash flow = 29,000

Year 6 cash flow = 24,000

Year 7 cash flow = 32,000