24.12

Lenitnes Company is considering an Investment In technology to Improve its operations. The Investment will require an In|tial outlay of $261,000 and will yleld the following expected cash flows. Management requires Investments to have a payback period of 3 years, and It requires a 8% return on Its Investments. (PV of $1, FV of $1, PVA of $1, and (Use approprlate factor(s) from the table provided.) Requlred: 1. Determine the payback perlod for this Investment. 2. Determine the break-even time for this investment. 3. Determine the net present value for this investment. Determine the payback period for this investment. (Round your Payback Period answer to 1 decimal place. Enter cash outflows with a minus sign.) Determine the break-even time for this investment. (Round your Payback Period answer to 1 decimal place. Enter cash outflows with a minus sign.) Determine the net present value for this investment