A company wishes to buy new equipment for $12,500. The equipment is expected to generate an additional $4,100 in cash inflows for six years. All cash flows occur at year-end. A bank will make a $22,000 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	Present Value of 1 at 13%
0	1.0000
1	0.8850
2	0.7831
3	0.6931
4	0.6133
5	0.5428
6	0.4803