Lenitnes Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $266,000 and will yield the following expected cash flows. Management requires investments to have a payback period of 2 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 1 2 Cash Flow $123,600 92,900 70,000 53,800 47,400 4 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. Required 1 Required 2 Required 3 Determine the payback period for this investment. (Round your Payback period answer to 1 decimal place. Enter cash outflows with a minus sign.) Year Cash inflow (outflow) $ (266,000) Cumulative Net Cash Inflow (outflow) 0 1 2 0 3 0 4 0 5 0 0 Payback period = Required 1 Required 2 > 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 Table factor Cash inflow (outflow) $ (266,000) Present Value of Cash Flows Cumulative Present Value of Cash Flows 0 1 2 0.8264 0 0 3 0.7513 99 0 0 4 0.6830 0 0 5 0.6209 S 0 0 $ (266,000) 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