Lenitnes Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $269,000 and will yield the following expected cash flows. Management requires investments to have a payback period of 3 years, and it requires a 8% return on its investments. (PV of $1,FV of $1,PVA of $1, andFVA of $1)(Use appropriate factor(s) from the table provided.)

PeriodCash

Flow1$123,300

Flow293,000

Flow370,200

Flow452,700

Flow547,500

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 queslion by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the payback period for this investment. (Round your Payback Period answer to 1 decimal place. Enter cash outows with a minus sign.) \fRequired 1 Required 2 Required 3 Determine the break-even time for this investment. (Round your Payback Period answer to 1 decimal place. Enter cash outows with a minus sign.) (269,000) \fComplete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the net present value for this investment. ( Required 2