Problem 24-5A Payback period, break-even time, and net present value LO P1, A1 Sentinel Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $251,000 and will yield the following expected cash flows. Management requires investments to have a payback period of 3 years, and it requires a 8% return en investments. (PV of $1, FV of $1, PVA of $1, and FVA of $1 (Use appropriate factor(s) from the table provided.) Period 1 Cash Flow $ 48, 700 53,500 76,400 95, 700 126,300 3 5 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. Required 1 Required 2. Required 3 Determine the payback period for this investment. (Enter cash outflows with a minus sign. Round your Payback period answer to 1 decimal place.) Year Cash inflow (outflow) Cumulative Net Cash Inflow (outflow) 0 $ (251,000) 2. 3 4 5 Payback period Required 1 Required 2. Required 3 Determine the break-even time for this investment. (Enter cash outflows with a minus sign. Round your break-even time answer to 1 decimal place.) Year Cash inflow (outflow) Table factor Present Value of Cash Flows Cumulative Present Value of Cash Flows 0 $ (251,000) 1 N 3 4 5 Break-even time = Required 1 Required 2 Required 3 Determine the net present value for this investment. Net present value