Sentinel Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $248,000 and will yield the following expected cash flows. Management requires investments to have a payback period 3 years. Required: 1. Determine the payback period for this investment. Determine the payback period for this investment. (Enter cash outflows with a minus sign. Round your Payback Period answer to 1 decimal place.)