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A $116,400 initial investment will generate the following present values of net cash flows. What is the break-even time for this Investment? (PV of

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A $116,400 initial investment will generate the following present values of net cash flows. What is the break-even time for this Investment? (PV of $1. EV of $1. PVA of $1. and EVA 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 Initial investment 1. 2. 3. 4. 5. $ (116,400) 40,000 36,362 28,121 30,052 27,320 Break-even time $ (116,400) (76,400) (40,038) years (11,917) 18,135 45,454

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