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 3 years, and it requires a 10% return on its investments. (PV of $1. FV of $1. PVA of $1, and FVA of 50 (Use appropriate factor(s) from the table provided.) Period 1 Cash Plus $123, 100 92,500 70,200 53,900 40,500 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 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) $ (264,000) Cumulative Not Cash Inflow (outflow) 0 1 0 0 2 3 4 5 0 0 0 Payback period Required 2 > Complete this question by entering your answers in the tabs below. 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 Cash Inflow (outflow) Table factor Present Value of Cash Flows Cumulative Present Value of Cash Flows 0 $ (264,000) 1 2 0 3 0 0 0 0.8264 $ 0.7513 $ 0.68.30 $ 0.6209 $ 4 0 0 5 0 0 $ (264,000) 0 Break-even time Complete this question by entering your answers in the tabs below. Required: Required 2 Required 3 Determine the net present value for this investment. Net present value