Sentinel Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $246,000 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
1		$	49,000
2			53,000
3			76,200
4			95,000
5			125,800

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.

Year Cash inflow (outflow) Cumulative Net Cash Inflow (outflow) 0 $ (246,000) 1 2 0 3 0 4 0 5 0 0 Payback period = Year Cash inflow (outflow) Table factor Present Value of Cash Flows Cumulative Present Value of Cash Flows 0 $ (246,000) 1 2 M| 0 4 0 5 0 0 Break-even time = Determine the net present value for this investment Net present value