Check my work Salsa Company is considering an investment in technology to improve its operations. The investment costs $247,000 and will yield the following net cash flows. Management requires a 8% return on investments. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Year 1 2 3 4 5 Net cash Flow $ 49,000 54,000 76,700 95,600 126,900 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. (Enter cash outflows with a minus sign. Round your Payback Period answer to 1 decimal place.) Cumulative Net Canli Iflare. Cash inflow Determine the payback period for this investment. (Enter cash outflows with a minus sign. Round your Payback Period answer to 1 decimal place.) Year Cash inflow (outflow) $ (247,000) Cumulative Net Cash Inflow (outflow) Initial investment Year 1 Year 2 Year 3 Year 4 Year 5 Payback period