A company wishes to buy new equipment for $11,500. The equipment is expected to generate an additional $3,600 in cash inflows for six years. All cash flows occur at year-end. A bank will make a $17,000 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: Year 0 1 545 W N 3 6 Present Value of 1 at 13% 1.0000 0.8850 0.7831 0.6931 0.6133 0.5428 0.4803

A company wishes to buy new equipment for \\( \\$ 11,500 \\). The equipment is expected to generate an additional \\( \\$ 3,600 \\) in cash inflows for six years, All cash flows occur at year-end. A bank will make a \\( \\$ 17,000 \\) loan to the company at a \13 interest rate so that the compary can purchase the equipment. Use the table below to determine break-even time for this equipment