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A company is considering investing in new equipment that costs $120,000 and will generate $43,000 in annual net cash flows for five years. The company

image text in transcribed A company is considering investing in new equipment that costs $120,000 and will generate $43,000 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

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