Cash Payback Method (Even cash flows) Suppose that a particular investment required an up-front capital outlay of $100,000. This investment is expected to yield cash flows of $10,000 per year for 10 years. What is the payback period for this investment? If required, round your answer to two decimal places Cash Payback Period years Average Rate of Return The average rate of return is another method that does not use present values and is commonly used in making capital investment decisions. Unlike the cash payback method, the average rate of return focuses on income rather than cash flow. Assume that the investment involves an initial outlay of $100,000 with a five-year useful life and no salvage value under straight-line depreciation. The revenues are as follows: Year 1- $10,000, Year 2 - $20,000, Year 3 $30,000, Year 4 $40,000 and Year 5 $50,000. Use the minus sign to indicate a net loss Year Revenues Expenses Net Income Year 1 Net Income (loss) Year 2 Net Income (loss) Year 3 Net Income (loss) Year 4 Net Income (loss Year 5 Net Income (loss)- Total Net Income (five years) = Average Net Income = Average Rate of Return