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A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new equipment costs ( $ 107,000 ) and will generate (
A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new equipment costs \\( \\$ 107,000 \\) and will generate \\( \\$ 43,000 \\) in net cash flows for five years. Note: Negative cumulative cash flows should be indicated with a minus sign. Round break-even time answers to two decimal places. Determine the break-even time for this equipment
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