A company wishes to buy new equipment for $15,500. The equipment is expected to generate an additional $4,700 in cash inflows for six years. All cash flows occur at year- end. A bank will make a $28,000 loan to the company at a 11% 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 2 3 4 5 6 Nm in Present Value of 1 at 11% 1.0000 0.9009 0.8116 0.7312 0.6587 0.5935 0.5346 Multiple Choice Break-even time is between two and three years. O Break-even time is between three and four years. O Break-even time is between four and five years. O Break-even time is between five and six years. O This project will never break-even