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 2 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 Flovw 2 3 4 5 $123,500 92,400 70,700 53,200 47,700 Required: 1. Determine the payback period for this investment. (Round your answer to 1 decimal place.) Cash inflow (outflow) Cumulative Net Cash Inflow (outflow) Year 0 $(263,000) 2 3 4 5