XYZ Ltd. invests $400,000 in a new machine. The expected net cash flows from this investment are $60,000 in Year 1, $70,000 in Year 2, $80,000 in Year 3, $90,000 in Year 4, and $100,000 in Year 5. Compute the cumulative net cash flows for each year and determine the payback period, rounding your answer to one decimal place. Also, evaluate if the investment is recovered within the given period and specify the exact year and month of payback.