1. Yolanda Ramirez has just invested $2,000,000 in a new biomedical technology. She expects to receive the following cash flows over the next 5 years: $600,000, $800,000, $1,000,000, $700,000, and $500,000. After 5 years, she received the following actual cash flows: $800,000, $1,000,000, $1,000,000, $900,000, and $700,000.

. What is the expected payback period for Yolanda? The actual payback period? Round your answer to one decimal place.

Line Item Description	Answer
Expected Payback Period:	fill in the blank 4 years
Actual Payback Period:	fill in the blank 5 years