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Help Please Problem 24-5A (Algo) Payback period, break-even time, and net...

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Accounting

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Problem 24-5A (Algo) Payback period, break-even time, and net present value LO A1, P1, P3 Salsa Company is considering an investment in technology to improve its operations. The investment costs $256,000 and will yield the following net cash flows. Management requires a 9% return on investments. PV of \$1. FV of \$1, PVA of \$1, and EVA of \$1) (Use appropriate factor(s) from the tables provided.) 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. 4. Should management invest in this project based on net present value? Complete this question by entering your answers in the tabs below. Determine the payback period for this investment. (Enter cash. outhowis with a minus sign. Round your Payback Period answer to 1 decimal place.)

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