18 Lenitnes Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $263,000 and will yield the following expected cash flows. Management requires investments to have a payback period of 3 years, and it requires a 10% return on its investments. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the table provided.) Period points Cash Flow $ 123,600 92,500 70,300 52,500 48,200 (8 00:40:13 Required: 1. Determine the payback period for this investment. 2. Determine the break-even time for this investment. 3. Determine the net present value for this investment. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the payback period for this investment. (Round your Payback Period answer to 1 decimal place. Enter cash Year Cash inflow (outflow) $ (263,000) 123,600 92,500 70,300 52,500 48,200 124,100 Calculate the payback period: Payback occurs between year: Cumulative Net Cash Inflow (outflow) $ (263,000) (139,400) (46,900) 23,400 75,900 124,100 and year: Payback period = Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the break-even time for this investment. (Round your Payback period answer to 1 decimal place. Enter cash outflows with a minus sign.) Year Cash inflow (outflow) Table factor Present Value of Cash Flows Cumulative Present Value of Cash Flows $ (263,000) 1 2 3 0.8264 $ 0.7513 $ .6830 $ 0.6209 $ 0 0 0 0 0 0 1 0 $ (263,000) 0 Break-even time = Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the net present value for this investment. Net present value