Sentinel Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $255,000 and will yield the following expected cash flows. Management requires investments to have a payback period of 2 years, and it 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 table provided.) Period Cash Period Flow 1 $48,800 2 53,300 3 76,200 4 94,600 5 126,000 Required 1. Determine the payback period for this investment. (Enter cash outflows with a minus sign. Round your Payback Period answer to 1 decimal place.) Cash inflow Cumulative Net (outflow)(outflow) Year Cash Inflow 0 $ (255,000) 2 4 Payback period