Problem 24-6A Payback period, break-even time, and net present value LO P1, A1 Lenitnes Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $270,000 and will yield the following expected cash flows. Management requires investments to have a payback period of 2 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 5 Cash Flow $123,200 92,400 70,200 53,800 47,200 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 to 1 decimal place. Enter cash outflows with a minus sign.) Year Cash inflow (outflow) $ (270,000) Cumulative Net Cash Inflow (outflow) 0 1 2 0 0 3 3 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. Enter cash outflows with a minus sign.) Year Table factor Cash inflow (outflow) $ (270,000) Present Value of Cash Flows Cumulative Present Value of Cash Flows 0 1 2 0 0 0.8264 $ 0.7513 $ 0.6830 $ 0.6209 $ 0 0 0 0 4 0 0 5 $ (270,000) 0 Break-even time = Required 1 Required 2 Required 3 Determine the net present value for this investment. Net present value