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Lenitnes Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $268,000 and will yield the
Lenitnes Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $268,000 and will yield the following expected cash flows. Management requires investments to have a payback period of 2 years, and it requires a 8% return on its investments. (PV of $1, FV of $1, PVA of $1. and FVAof $1) (Use appropriate factor(s) from the table provided.) Determine the payback period for this investment. (Round your answer to 1 decimal place.) Determine the break-even time for this investment. (Round your answer to 1 decimal place.) Determine the net present value for this investment. Net present value
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