ABC wants to buy a machine for 50000 which will increase cash flows of 15000 for the next 4 years which is the useful life of the machine. How much is the net cash flow per year after taxes if the tax rate is 30%

ABC company will have the following cash flows for a new project.

Initial investment 100000

Year 1 50000

Year 2 20000

Year 3 20000

Year 4 30000

Year 5 10000

Year 6 5000

Calculate the payback.