A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new equipment costs \$90, and will generate $35,000 in net cash flows for five years(Negative cumulative cash flows should be indicated with a minus sign.) Determine the break-even time for this equipment. Year Present Net Cash Flow Value of 1 at 10\% Present Value Cumulative Present of Net Cash Value of Net Cash FlowsFlows Initial investment 90,000) 1.0000 (90,000) (90,000) Year 135,000 0.9091 Year 235,000 0.8264 Year 3 35,000 0.7513 Year 435,000 0.6830 Year 5 35,000 0.6209 Round break even time answers to two decimal places)

A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new equipment costs $90,000 and will generate $35,000 in net cash flows for five years. (Negative cumulative cash flows should be indicated with a minus sign.) Determine the break-even time for this equipment. A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new equipment costs $90,000 and will generate $35,000 in net cash flows for five years. (Negative cumulative cash flows should be indicated with a minus sign.) Determine the break-even time for this equipment. (Round break-even time answers to two decimal places.)