CHAPTER 24 PLEASE USE THE CHARTS TO ANSWER 1-3. THIS IS ALL CONSIDERED ONE QUESTION. THANKS

Lenitnes Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $264,000 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 its 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	$123,800
2	92,200
3	70,500
4	52,900
5	48,800

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

W A S Document1 - Word T BE INSERT DESIGN ?A - AX FILE HOME PAGE LAYOUT REFERENCES MAILINGS REVIEW VIEW Sig In 2. Determine the break even time for this investment(Enter cash outflows with a minus sign. Round your Payback period answer to decimal place. Round all dollar amounts to nearest whole number) Year Cash inflow (outflow) Cumulative Present Value of Present value of Table factor Cash Flows Cash Flows OS (284000) 0.8573 Required: A Determine the payback period for this investment (Enter cash outflows with a minus sign. Round your Payback period answer to 1 decimal place.) 0.7938 0.7350 0.6808 Year Cash inflow (outflow) Cumulative Net Cash inflow (outflow) $ (264,000) Break-even time - 3. Determine the net present value for this investment. Payback period - Net present value PAGE 1 OF 1 owORDS DE H Search the web and Windows One Dabo 9 Gws 10:13 AM 7/21/2016