Lenitnes Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $250,000 and will yield the following expected cash flows. Management requires investments to have a payback period of three years, and it requires a 10% return on its investments. Period Cash Flow 1 $ 125,000 2 94,000 3 75,000 4 52,000 5 47,000 1. Determine the payback period for this investment. (Round your answer to 1 decimal place.) Payback period years