Lenitnes Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $267,000 and will yield the following expected cash flows. Management requires investments to have a payback period of 4 years, and it requires a 10% return on its investments. (PV of $1. FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the table provided.) Period 1 2 3 4 Cash Flow $123,200 92,400 70,900 52,600 48,200 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. (Round your Payback period answer outflows with a minus sign.) Year Cash inflow (outflow) $ (267.000) Cumulative Net Cash Inflow (outflow) 0 1 2 0 3 0 4 0 5 0 0 Payback period = Required 1 Required 2 Required 3 Determine the break-even time for this investment. (Round your Payback period answer to 1 decimal place. outflows with a minus sign.) Year Cash Inflow (outflow) Table factor Present Value of Cash Flows Cumulative Present Value of Cash Flows 0 $ (267,000) 1 2 0 0 0.8264 0.7513 0.6830 $ $ 3 0 0 4 0 - 0 $ $ 5 0.6209 0 $ (267.000) 0 Break-even time 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the net present value for this investment. Net present value