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11 A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new equipment costs $90,000 and will generate $35,000 in net
11 A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new equipment costs $90,000 and will generate $35,000 in net cash flows for five years. (PV of $1. FV of $1. PVA of S1, and EVA of $1) (Use appropriate factor(s) from the tables provided.) (Negative 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 decimal places.) Determine the break-even time for this equipment ints Skipped Chart Values are Based on: eBook Hint Year Print Present Net Cash Flow x Value of 1 at 10% $ (90,000) 1.0000 Present Value Cumulative Present of Net Cash Value of Net Cash Flows Flows $ (90,000) $ (90.000) eferences Initial investment Year 1 Year 2 Year 3 Year 4 Year 5
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