Professor Hill Company is considering an investment in technology to improve its operations. The investment costs $$259,000$ and will yield the following net cash flows. Management requires a $8\%$ return on investments. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)($Use appropriate factor$($s

points awarded

Year

$1$

scored

Net cash

Flow

$ $48,300$

$52,700$

$75,700$

$94,600$

$125,400$

Required:

$$Determine the payback period for this investment.

$$Determine the break$-$even time for this investment.

$$Determine the net present value for this investment.

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