Each of the following scenarios is independent, Assume that all cash Hows are afteritax, cash fowi. 3. Colby Hepworth has just invested 5425,000 in a book and video store. she expects to receive a cash income of s120,000 per year from the imvestment b. Kylie Sorensen has just invested 51,740,000 in a new biomedicai technology, She expects to receive the following cash flows over the next 5 vears: $350,000,5490,000,$670,000, 5520,000 , and 5350,000 c. Carsen Nabors inverted in a project that has a payback period of 4 years, The project brings in $960,000 per yeac. d. Rahn Booth invested $1,750,000 in a project that pays him an even amount per year for 5 wears. The paryback period is 2.5 years Requirnd: 1. What igthe payback period for Colby? Round your answer to two decimal placm. years 2. What is the paybeck period for wyile? round your answor to one decimal place years 3. How much did carsen invest in the oroject? 4. How much zash does Rahn receive each vear? yer year