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Sentinel Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $257,000 and will yield the
Sentinel Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $257,000 and will yield the following expected cash flows. Management requires investments to have a payback period of 3 years, and it requires a 8% return on investments. ( PV of $l, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the table provided.) Determine the break-even time for this incestment. (Enter cash outflows with a minus sign. Round your answer to decimal place.)
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