A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new equipment costs $117,000 and will generate $45,000 in net cash flows for five years. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) (Negative cumulative cash flows should be indicated with a minus sign. Round your present value factor to 4 decimals and break-even time answers to two decimal places.) Determine the break-even time for this equipment.