An initial investment of $110,000 is expected to generate the following cash flows: $15,000 in year 1, $20,000 in year 2, $30,000 in year 3, $40,000 in year 4, and $50,000 in year 5. Calculate the payback period, the total cumulative cash flow at the end of each year, and the year in which the investment is fully recovered.