Show the formula used to solve for part 4

Each of the following scenarios is independenti Assume that all cash flows are after-tax cash fows. 2. Colby Hepworth has Just invested $475,000 in a book and video store. She expects to rective a cosh income of $120,000 por year from the investment. b. Carsen Nabors invested in a project that hbs a psyback period of 4 years. The project brings in $960,000 per year: c. Rahn Booth invested $1,500,000 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 $1,460,000 in a new blomedical technology. She expects to recelve the following cash flows ower the next 5 yearst $350,000,$490,000, $730,000,5430,000, and $300,000. 1. What is the payback pericd for Colby? Round your answer to two decimal places. years 2. How much did Carsen invest in the project? 4 3. How much cash does Rohn receive each year? per year 4. What is the payback period for Yolanda? Round your answer to one decimal place. x years Each of the following scenarios is independenti Assume that all cash flows are after-tax cash fows. 2. Colby Hepworth has Just invested $475,000 in a book and video store. She expects to rective a cosh income of $120,000 por year from the investment. b. Carsen Nabors invested in a project that hbs a psyback period of 4 years. The project brings in $960,000 per year: c. Rahn Booth invested $1,500,000 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 $1,460,000 in a new blomedical technology. She expects to recelve the following cash flows ower the next 5 yearst $350,000,$490,000, $730,000,5430,000, and $300,000. 1. What is the payback pericd for Colby? Round your answer to two decimal places. years 2. How much did Carsen invest in the project? 4 3. How much cash does Rohn receive each year? per year 4. What is the payback period for Yolanda? Round your answer to one decimal place. x years