Salsa Company is considering an investment in technology to improve its operations. The investment costs $242,000 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 1 2 3 4 5 Net cash Flow $ 47,100 52,700 75,700 94,800 126,000 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. Required 1 Required 2 Required 3 Determine the payback period for this investment. (Enter cash outflows with a minus sign. Round your Payback period answer to 1 decimal place.) Cumulative Net Cash Inflow (outflow) Year Cash inflow (outflow) Initial investment $ (242,000) Year 1 Year 2 Year 3 Year 4 Year 5 Payback period = Required 1 Required 2 Required 3 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.) Year Table factor Present Value of Cash Flows Cash inflow (outflow) (242,000) Cumulative Present Value of Cash Flows $ Initial investment Year 1 Year 2 Year 3 Year 4 Year 5 Break-even time = Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the net present value for this investment. Net present value