A company wishes to buy new equipment for $9,000. The equipment is expected to generate an additional $2,900 in cash inflows for six years. All cash flows occur at year-end. A bank will make a $10,000 loan to the company at a 12% 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 0 123456 at 12% 1.0000 0.8929 0.7972 0.7118 0.6355 0.5674 0.5066