A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new equipment costs $108.000 and will generate $41,000 in net cash flows for five years. (PV of $1. FV of $1,...

Extracted text: A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new equipment costs $108.000 and will generate $41,000 in net cash flows for five years. (PV of $1. FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provlded.) (Negatlve cumulative cash flows should be Indicated with a minus sign. Round your present value factor to 4 decimals and break-even time answers to two declmal places.) Determine the break-even time for this equipment. Chart Values are Based on: Present Value of 1 Present Value Cumulative Present Year Net Cash Flow x of Net Cash Value of Net Cash at 10% Flows Flows Initial investment (108,000) x 1.0000 = (108.000) (108,000) Year 1 = Year 2 Year 3 Year 4 Year 5