Salsa Company is considering an investment in technology to improve its operations. The investment costs $247,000 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 FVA of $1) (Use appropriate factor(s) from the tables provided.) Year Net cash Flow $ 48,800 1234 in 52,700 76,700 95,000 125,300 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. 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 payback period for this investment. (Enter cash outflows with a minus sign. Round your Payback Period answer to 1 decimal place.) Year Net Cash Flows Cumulative Net Cash Initial investment $ Flows (247,000) Year 1 48,800 Year 2 52,700 Year 3 76,700 Year 4 95,000 Year 5 125,300 Payback period =