Calculate the following based on the provided cash flows for a project:

•Initial investment: $200,000

•Year 1: $25,000

•Year 2: $35,000

•Year 3: $40,000

•Year 4: $50,000

•Year 5: $70,000

Requirements:

1.Payback period.

2.Total cumulative cash flow by the end of year 5.

3.Net cash flow after the payback period.