Payback analysis question

Would like to seek some help on the computation for payback analysis. I checked out Wallstreet Training's model (http://www.wallst-training.com/resources/WST_Payback_Period_Example.xls) and it used Undiscounted Net Cash Flow for computation.

With respect to an LBO model, can I check if my understanding is correct with regards to the Undiscounted Net Cash Flow:
1) The cash outflow in year 0 would be the PE firm's equity contribution (taken from the Sources and Uses section)?
2) The cash inflow in subsequent years would be taken from the cashflow statement (ending cash balance - beginning cash balance)?

Many thanks.

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