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 $269,000 and will yield the following expected cash flows Management requires investments to have a payback period of 4 years. and it requires a 8% return on its investments, IPV of $1. FV of SL PVA of $1. and TVA of S1) (Use appropriate factors) from the table provided) Required: 1. Determine the payback period for this investment 2. Determine the break even time for this investment 3. Determine the not present value for this investment Complete this question by entering your answers in the tabs below. R ed Required 2 R ed 3 Enter cash Determine the payback period for this investment (Round your Payback period answer to 1 decimale outflows with a minus sign.) Cash foutlow Cumulative Net Cash Intlow Tountlow 0 $ 260,000 TT III Payback period UU W ULUR CV e IUILIS IVestment 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 break-even time for this investment. (Round your Payback period answer to 1 decimal place. Enter cash outflows with a minus sign.) Year Cash inflow (outflow) Table factor Present Value of Cash Flows Cumulative Present Value of Cash Flows (269,000) 08573 0.7938 07350 0.6806 Break-even time = 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 Required 2 Rere