Salsa Company is considering an investment in technology to improve its operations. The investment costs $$241,000$ and will yield the following net cash flows. Management requires a $10\%$ return on investments. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)($Use appropriate factor$($s$)$ from the tables provided.$)$

Year Net cash Flow

$1$ $ $47,900$

$252,300$

$376,100$

$494,800$

$5126,000$

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?