Salsa Company is considering an investment in technology to improve its operations. The investment costs $$244,000$ and will yield the following net cash flows. Management requires a $9\%$ return on investments. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)$ Salsa Company is considering an investment in technology to improve its operations. The investment costs $$244,000$ 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)$

Note: Use appropriate factor$($s$)$ from the tables provided.

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?

Complete this question by entering your answers in the tabs below.

Required $4$

Determine the payback period for this investment.

Note: Enter cash outflows with a minus sign. Round your Payback Period answer to $1$ decimal place. Determine the break$-$even time for this investment.

Note: Enter cash outflows with a minus sign. Round your break$-$even time answer to $1$ decimal place.

$\backslash$table$[[$Year$,$Net Cash Flows,$\backslash$table$[[$Present Value of$],[1$ at $9\%]],\backslash$table$[[$Present Value of Net$],[$Cash Flows per Year$]],\backslash$table$[[$Cumulative$],[$Present Value of$],[$Net Cash Flows$]]],[$Initial investment,$(244,000),,,],[$Year $1,,,,],[$Year $2,,,,],[$Year $3,,,,0],[$Year $4,,,,0],[$Year $5,,,,0],[$Break$-$even time $=,,$years,,$]]$ Determine the net present value for this investment.

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

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