Lenitnes Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $262,000 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 $1) (Use appropriate factor(s) from the table provided.)

Period	Cash Flow
1		$	123,800
2			92,700
3			70,100
4			52,100
5			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 cas outflows with a minus sign.) Year Cash inflow (outflow) Cumulative Net Cash Inflow O $ (262,000) 2 3 TL 5 Payback period = Required 1 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.) Present Value of Cumulative Year Cash inflow (outflow) Table factor Table factor Present Value of C ash Flows Present Value of Cash Flows 0 $ (262,000) 3 [ 0.8264 0.7513 0.6830 0.6209 5 Break-even time = Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the net present value for this investment. Net present value Required 3 >