1. Suppose you have annual cash flows per the attached Microsoft Excel file: HCA415Quiz5.xlsx Calculate the cumulative cash flows for years 0-9. Format cumulative cash flows with dollar signs and commas to separate thousands. Do not place spaces before/after dollar signs and commas. For negative cash flow values, use parenthesis just like in year 0, ($25,000,000).

   Year	Annual Cash Flows	Cumulative Cash Flows
   0	($25,000,000)
   1	$1,500,000
   2	$1,750,000
   3	$3,500,000
   4	$4,750,000
   5	$3,750,000
   6	$4,750,000
   7	$6,250,000
   8	$5,750,000

   Calculate Payback, which is the point at which a project's initial costs are fully recovered =

   Assume that cash flows are evenly distributed throughout the year. Payback answer may have decimal places, but reported in absolute terms (no negative numbers).