Question
15 QS 24-24 (Algo) Break-even time LO A1 6.25 points A $120,500 initial investment will generate the following present values of net cash flows.
15 QS 24-24 (Algo) Break-even time LO A1 6.25 points A $120,500 initial investment will generate the following present values of net cash flows. What is the break-even time for this investment? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Round "Break-even time" answer to 1 decimal place.) Cumulative Present Value of Present Value of Net Cash Flows Net Cash Flows Year eBook Initial investment 1. 2. 3. Hint 4. 5. $ (120,500) 40,909 37,188 28,872 30,735 27,941 Print Break-even time References $ (120,500) (79,591) (42,403) years (13,530) 17,205 45,145
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