Lenitnes Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $268,000 and will yield the following expected cash flows. Management requires investments to have a payback period of 4 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 $123,900 92,100 70,100 52,100 48,200 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 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) $ (268,000) Present Value of Cash Flows Cumulative Present Value of Cash Flows 0 1 2 0.8573 3 0.7938 0.7350 4 5 0.6806 Break-even time = Required 1 Required 2 Required 3 Determine the net present value for this investment. Net present value