Each of the following scenarios is independent. Assume that all cash flows are atter-tax cash flows. a. Colby Hepworth has just invested $475,000 in a book and video store. She expects to recelve a cash income of $120,000 per year from the investment. b. Kylie Sorensen has just invested $1,540,000 in a new biomedical technology. 5 he expects to recelve the following cash fows over the next 5 years: $350,000. $490,000,$770,000,$470,000, and $300,000 c. Carsen Nabors invested in a project that has a payback period of 4 years. The project brings in $960,000 per yeat d. Rahn Booth invested 51,550,000 in a project that pays him an even amount per yesr for 5 years, The pryback peciod is 2.5 years. Required: 1. What is the payback period for Colby? Round your answer to two decimal places. * years 2. What is the payback period for Kylie? Round your answer to one decimal place. x vears 3. How much did Carsen invest in the project? 4. How much cash does Rahn receive each year? per year