Salsa Company is considering an investment in technology to improve its operations. The investment costs $260,000 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) from the tables provided.) Year 1 2 3 4 5 Net cash Flow $ 48, 100 52,900 76,400 95,100 126,500 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? 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 Initial investment Year 1 Year 2 Year 3 Year 4 Year 5 Net Cash Flows Cumulative Net Cash Flows $ (260,000) 48,100 52,900 76,400 95,100 126,500 Payback period 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.) Present Value of Present Value of Net Present Value of Cumulative Year Net Cash Flows 1 at 8% Cash Flows per Year Net Cash Flows Initial investment $ (260,000) Year 1 Year 2 Year 3 Year 4 Year 5 Break-even time = years Required 1 Required 2 Required 3 Required 4 Determine the net present value for this investment. Net present value Required 1 Required 2 Required 3 Required 4 Should management invest in this project based on net present value? Should management invest in this project based on net present value