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2 part question A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new equipment costs $101,000 and will generate $40,000
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A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new equipment costs $101,000 and will generate $40,000 in net cash flows for five years. (Negative cumulative cash flows should be indicated with a minus sign.) Determine the break-even time for this equipment. A \$165,600 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.) Answer is complete but not entirely correct Step by Step Solution
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