Payback Period Each of the following scenarios in independent. Asume that all cash flows are after-tax cash flows. a. Colby Hepworth has just invested $575.000 in a book and videostore. She expects to receive a cash income of $120,000 per year from the investment b. Kylie Sorensen has just invested $1.660.000 in a new biomedical technology. The expects to receive the following cash flows over the next 5 years: $350.000, $490.000, $830,000, $510,000, and $320,000. c. Carsen Nabors invested in a project that has a payback period of 4 years. The project brings in $960,000 per year. d. Rahn Booth invested $1.350,000 in a project that pays him an even amount per year for 5 years. The payback period 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. 3. How much did Carsen invest in the project? he receive each year 4. How much cash does per year