What is the payback period on Popeye's purchase of a new pleasure boat for his tourist business? The expected cash flows appear below. (note: payback is in years; round to 2 decimals) Year 0 cash flow -10,600,000 Year 1 cash flow-3,200,000 Year 2 cash flow = 3,200,000 Year 3 cash flow 3,100,000 Year 4 cash flow 3,200,000 Year 5 cash flow = 2,600,000 Year 6 cash flow 3,400,000 Answer: Check What is the net present value (NPV) of your proposed expansion into the Canada? Assume that the cash flows after year 0 occur at the end of each year. The required rate of return is 19.8%. (Round to nearest penny) Year 0 cash flow -820,000 Year 1 cash flow -180,000 Year 2 cash flow = 520,000 Year 3 cash flow = 500,000 Year 4 cash flow 420,000 Year 5 cash flow 480,000 Answer: Check