Sentinel Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $242,000 and will yield the following expected cash flows. Management requires investments to have a payback period of 2 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		$	48,300
2			52,800
3			76,400
4			94,800
5			126,200

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.

Required 1 Required 2 Required 3 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 (242,000) Payback period