Bower CoIs Reviewing a Capital Investment of $50,000 CUsing the Results in (A)and (B)make a Recommendation for the Cash

Bower Co.is reviewing a capital investment of $50,000.This project's projected cash flows over a five-year period are estimated at $20,000 each year.
Required:
a.Calculate the payback period.
b.Calculate the break-even time.Assume a 12% hurdle rate and use the table below:
$\begin{array}{ll}& \text { Present} \\& \text { Value } \\ \underline{\text { Periods } }& \underline{\text { of } 1 \text { at } 12 \% }\\ 1 & 0.8929 \\2 & 0.7972 \\3 & 0.7118 \\4 & 0.6355 \\5 & 05674\end{array}$ c.Using the results in (a)and (b)make a recommendation for the project.