Sentinel Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $253,000 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 $1,FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the table provided.)

Period	Cash Flow
1	$ 47,400
2	53,900
3	76,900
4	95,400
5	125,400

Required:
1.	Determine the payback period for this investment. (Enter cash outflows with a minus sign. Round your answer to 1 decimal place.)

2.	Determine the break-even time for this investment. (Enter cash outflows with a minus sign. Round your answer to 1 decimal place.)

3.	Determine the net present value for this investment.