Investment Payback Period Initial investment: $150,000

• Year 1: $25,000
• Year 2: $35,000
• Year 3: $45,000
• Year 4: $55,000
• Year 5: $65,000

Requirements:

• Calculate the payback period.
• Calculate the cumulative cash flow for each year.
• Determine in which year the investment is fully recovered.
• Round your answers to one decimal place.