A company wishes to buy new equipment for $16,000. The equipment is expected to generate an additional $4,800 in cash inflows for six years. All cash flows occur at year-end. A bank will make a $29,000 loan to the company at a 10% interest rate so that the company can purchase the equipment. Use the table below to determine break-even time for this equipment: Multiple Choice Break-even time is between two and three years. Break-even time is between three and four years. Break-even time is between four and five years Break-even time is between five and six years. This project will never break-even