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(QUESTION 4) The Z&M Company is considering an investment (purchase equipment) with the following cash flows for this equipment that will have a useful life

(QUESTION 4) The Z&M Company is considering an investment (purchase equipment) with the following cash flows for this equipment that will have a useful life of 5 years. Investment (Today) $1,000,000 Year 1 cash inflow 100,000 Year 2 cash inflow 200,000 Year 3 cash inflow 200,000 Year 4 cash inflow 300,000 Year 5 cash inflow | 500,000 Required Calculate the payback period and explain if the payback is reasonable given this situation

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