Salsa Company is considering an investment in technology to improve its operations. The investment costs $253,000 and will yield the following net cash flows. Management requires a 9% return on investments. (PV of $1. EV of $1. PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided.) Net cash Flow Year 11 $ 48,000 2 53,300 3 75,100 4 94,700 5 126,400 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. 4. Should management invest in this project based on net present value? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 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.) Cumulative Present Value of Net Cash Flows Year Net Cash Flows Present Value of Present Value of Net 1 at 9% Cash Flows per Year Initial investment $ (253,000) Year 1 48,000 Year 2 53,300 Year 3 75,100 Year 4 94,700 Year 5 126,400 Break-even time years 0 0 0 Salsa Company is considering an investment in technology to improve its operations. The investment costs $253,000 and will yield the following net cash flows. Management requires a 9% return on investments. (PV of $1. FV of $1, PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided.) Year 1 2 3 4 5 Net cash Flow $ 48,000 53, 300 75,100 94,700 126,400 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. 4. Should management invest in this project based on net present value? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine the net present value for this investment. Net present value