A company is considering investing in new equipment that costs $$100,000$ and will generate $$35,000$ in annual net cash flows for five years. The company requires a $12\%$ return on all investments.

Determine the break$-$even time for this equipment.

Note: Negative cumulative cash flows should be indicated with a minus sign.

$\backslash$table$[[$Year$,$Net,ash Flow,$x,\backslash$table$[[$Present$],[$Value of $1],[$at $12\%$