Nebraska Co (C) Using the Results in (A) and (B), Make a Project's

Nebraska Co. is reviewing a capital investment of $100,000. This project's projected cash flows over a five-year period are estimated at $35,000 each year.
Required:
(a) Calculate the payback period.
(b) Calculate the break-even time. Assume a 12% hurdle rate and use the table below: Present Value
$\begin{array} { lc} &\text { Present Value } \\\underline { \text { Periods } } &\underline { \text { of } \$ 1 \text { at } 12 \%}\\1 \ldots \ldots& 0.8929 \\2 \ldots \ldots & 0.7972 \\3 \ldots \ldots & 0.7118 \\4 \ldots \ldots & 0.6355 \\5 \ldots \ldots & 0.5674\end{array}$
(c) Using the results in (a) and (b), make a recommendation for the project.