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Given are the indicators of the cash flow of the investment project for 6 years. Year 0 = -590 Year 1 = 178 Year 2

Given are the indicators of the cash flow of the investment project for 6 years. Year 0 = -590 Year 1 = 178 Year 2 = 235 Year 3 = 120 Year 4 = 116 Year 5 = 176.5 Year 6 = -145.5 R = 7.5% Calculate: payback period show the working and steps in the excel. Explain each and every step as well.

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