A company wishes to buy new equipment for $10,000. The equipment is expected to generate an additional $3,300 in cash inflows for six years. All cash flows occur at year-end. A bank will make a $14,000 loan to the company at a 13% interest rate so that the company can purchase the equipment. Use the table below to determine break-even time for this equipment Present Value of 1 Year 30 at 13% 1.0000 0.8850 0.7831 0.6931 0.6133 0.5428 6 0.4803