Sentinel Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $249,000 and will yield the following expected cash flows. Management requires investments to have a payback period of 4 years, and it requires a 10% return on investments. (PV of $1,FV of $1,PVA of $1, andFVA of $1)(Use appropriate factor(s) from the table provided.)

PeriodCash Flow1$ 47,800252,300376,600495,0005126,800

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.)