Problem 24-5A (Algo) Payback period, break-even time, and net present value LO A1, P1, P3

Salsa Company is considering an investment in technology to improve its operations. The investment costs $244,000 and will yield the following net cash flows. Management requires a 8% return on investments. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)

Year	Net cash Flow
1	$ 48,000
2	53,100
3	76,300
4	94,700
5	126,800

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. 4. Should management invest in this project based on net present value?

PLEASE ANSWER ALL PARTS. I WILL VOTE AND COMMENT