Provide Working Notes!

Q). Churchill Inc. is considering an investment that has the following cash flows: Now Year 1 Year 2 Year 3 Year 4 Year 5 investment cash inflow cash inflow cash inflow cash inflow cash inflow ($1,000,000) 500,000 300,000 200,000 200,000 100,000 Required a) Calculate the following: i. The payback period ii. The return on the initial investment The return on the average investment iv. The present value using an interest rate of 10% b) Is the investment worthwhile