6 8 points A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new equipment costs $107,000 and will generate $42,000 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. Present Year Net Cash Flow x Value of 1 Present Value of Net Cash eBook at 12% Flows Hint Initial investment $ (107,000) x 1,0000 $ (107,000) $ Year 1 42,000 x 0.8929 37.501 References Year 2 42,000 x 0.7972 33,482 Year 3 42,000 x 0.7118 29,895 Year 4 42,000 x 0.6355 26,691 Year 5 42.000 x 0.5674 23,830 (Round break-even time answers to two decimal places.) Cumulative Present Value of Net Cash Flows + (107,000) (69,499) Check my