Lenitnes Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $264,000 and will yield the following expected cash flows. Management requires investments to have a payback period of 4 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		$	123,400
2			92,000
3			70,200
4			52,500
5			48,300

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 $ 0 1 Cash inflow Cumulative Net Cash Inflow (outflow) (outflow) (264,000) $ (264,000) 123,400 92.000 70.200 52,500 48,300 2 3 3 4 5 0 Payback period 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 Present Value of Cash Flows Cash inflow (outflow) $ (264,000) Cumulative Present Value of Cash Flows 0 1 2 0 0 3 0.8264 $ 0.7513 $ 0.6830 $ 0 0 4 0 0 0 5 0.6209 $ 0 $ (264,000) Break-even time = Required 1 Required 2 Required 3 Determine the net present value for this investment. Net present value