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begin{tabular}{lr} Year & Net Income per year hline Year 1 & 2,144 Year 2 & 3,531 Year 3 & 5,133 Year
\begin{tabular}{lr} Year & Net Income per year \\ \hline Year 1 & 2,144 \\ Year 2 & 3,531 \\ Year 3 & 5,133 \\ Year 4 & 6,113 \\ Year 5 & 10,243 \\ Year 6 & 10,500 \\ Year 7 & 12,546 \\ Year 8 & 12,600 \\ Year 9 & 12,600 \\ Year 10 & 12,600 \end{tabular} Initial Investment $155,000 Life in years 10 1. What is the payback period (to hundredths place) for the proposed investment documented in the attached exce spreadsheet? 2. Your answer must be provided in the form of an Excel Spreadsheet which must include formulas and formatted cells. Label your work as appropriate. 3. The company requires a 7 year payback period, does this investment meet the company's investment criteria? 4. Document any assumptions you made to complete the calculation within your spreadsheet
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