Payback Period Each of the following scenarios is independent. Assume that all cash flows are after-tax cash flows. a. Colby Hepworth has just invested $400,000 in a book and video store. She expects to receive a cash income of $120,000 per year from the investment. b. Carsen Nabors invested in a project that has a payback period of 4 years. The project brings in $960,000 per year. c. Rahn Booth invested $1,400,000 in a project that pays him an even amount per year for 5 years. The payback period is 2.5 years. d. Yolanda Ramirez has just invested $1,620,000 in a new biomedical technology. She expects to receive the following cash flows over the next 5 years: $350,000, $490,000,$810,000,$520,000, and $290,000. 1. What is the payback period for Colby? Round your answer to two decimal places. years 2. How much did Carsen invest in the project? $ 3. How much cash does Rahn receive each year? $ per year 4. What is the payback period for Yolanda? Round your answer to one decimal place. years