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 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 $123,700 92,400 70,600 53,100 47,400 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) $ (263,000) Cumulative Net Cash Inflow (outflow) 0 1 Payback period = Complete this question by entering your answers in the tabs below. Required 1 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 Cumulative Present Value of Present Value of Cash Flows Cash Flows S (263,000) 0.8264 0.7513 0.6830 0.6209 S $ S S (263,000) 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