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A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new equipment costs $112,000 and will generate $45,000 in net cash

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A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new equipment costs $112,000 and will generate $45,000 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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