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Sentinel Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of 5245,000 and will yield the

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Sentinel Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of 5245,000 and will yield the following expected cash flows. Management requires investments to have a payback period of 4 years, and it 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 table provided.) Period Cash Flow S 47,000 53,700 75,400 94,400 128,200 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 outflow) Cumulative Net Cash Inflow outflow) Year S (245,000) Payback period

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