Lenitnes Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $262,000 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 Cash Flow 1 $123,300 2 92,300 3 70,800 4 52,600 5 48,000 Required: 1. Determine the payback period for this investment