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 = -89,000 Year 1 cash flow = -49,000 Year 2 cash flow = 13,000 Year 3 cash flow = 30,000 Year 4 cash flow = 24,000 Year 5 cash flow = 32,000 Year 6 cash flow = 35,000 Year 7 cash flow = 42,000

2.) 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 = -82,000 Year 1 cash flow = -45,000 Year 2 cash flow = 24,000 Year 3 cash flow = 22,000 Year 4 cash flow = 36,000 Year 5 cash flow = 25,000 Year 6 cash flow = 23,000 Year 7 cash flow = 40,000

3.) 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 = -10,100,000 Year 1 cash flow = 3,800,000 Year 2 cash flow = 3,600,000 Year 3 cash flow = 3,600,000 Year 4 cash flow = 4,100,000 Year 5 cash flow = 3,300,000 Year 6 cash flow = 2,200,000