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Excel Master It%! Problem As you have already seein. Excel does not have a function to calculate the payback period, so you will cteate your

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Excel Master It%! Problem As you have already seein. Excel does not have a function to calculate the payback period, so you will cteate your own. Below, the cash flows for a project are shown. You need to calculate the pastack period using two different methods a. Calculate the payback period in a table. The first three columns of the table will be the year the cash flow for that year, and the cumulative cash flow. The fourth column will show the whole year for the pastrack. In other words, if the payback period is three plus years, this column will have a J. otherwise it will be a 0. The next column will calculate the fractional part of the payback period, or else in will display. The last column will add the previous two columns and display the final payback period calculation. You should also have a bull that displays the final payback period by itself and a cell that returns the correct siccept or reject decision based on the payback criteria . Write a mested IF statement that calculates the payback period using only the project cash flow column. The IF statement should return a value of "Never" if the project has no payback period. In contrast to the example we showed previously, the nested IF flinction should test for the back period starting with shorter payback periods and working toward longer payback periods. Another cellshould display the correct accept or reject decision based on the payback criteria Cash Flow 0 -$250,000 1 41,000 2 48,000 3 63,000 4 79,000 5 88,000 6 64,000 41,000 Required payback 5

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