Lenitnes Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $263,000 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, and FVA of $1) (Use appropriate factor(s) from the table provided.) Period 1 2 3 4 5 Cash Flow $123, 100 92, 100 70,900 53,400 48,400 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 question 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 outflows with a minus sign.) Year Cash inflow (outflow) Cumulative Net Cash Inflow (outflow) 0 $ (263,000) 1 2 0 3 0 4 0 5 0 0 Pavback period = 1 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) $ (263,000) Present Value of Cumulative Present Cash Flows Value of Cash Flows 0 1 0 0 N | 0 0 0.8573 $ 0.7938 $ 0.7350 $ 0.6806 $ 4 0 0 0 5 0 $ (263,000) 0 Break-even time = Required 1 Required 2 Required 3 Determine the net present value for this investment. Net present value