8 4 Finish the following questions 1-5 (highlighted cells). Show your work by using Excel functions. 5 6 1. Hilary, a manager of a family restaurant, is considering a renovation 7 investment that would expand the operation's menu offerings. The project will have an initial cost of $36,000. Annual cash inflow from the project is expected to be $12,000 while cash outflow is expected to be 9 $5,000 which will result in $7,000 annual net cash inflows for the next 8 10 years. What is the payback period for the proposed investment? 11 12 13 Year Cash Flows Cumulative Cash Flows Payback Period 14 15 16 2 0 Sheet1