Each of the following scenarios is independent. Assume that all cash flows are after$-$tax cash flows.

Colby Hepworth has just invested $$450,000$ in a book and video store. She expects to receive a cash income of $$120,000$ per year from the investment.

Carsen Nabors invested in a project that has a payback period of $4$ years. The project brings in $$960,000$ per year.

Rahn Booth invested $$1,550,000$ in a project that pays him an even amount per year for $5$ years. The payback period is $2\mathrm{.}5$ years.

Yolanda Ramirez has just invested $$1,480,000$ in a new biomedical technology. She expects to receive the following cash flows over the next $5$ years: $$350,000,$ $$490,000,$ $$740,000,$ $$460,000,$ and $$280,000.$