A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new equipment costs $$105,000$ and will generate $$40,000$ in net cash flows for five years. $($Negative cumulative cash flows should be indicated with a minus sign.$)$ A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new equipment costs $$105,000$ and will generate $$40,000$ 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.

$\backslash$table$[[$Year$,,$ash Flow,x$,\backslash$table$[[$Present$],[$Value of $1],[$at $15\%]],=,\backslash$table$[[$Present Value$],[$of Net Cash$],[$Flows$]],\backslash$table$[[$Cumulative Present$],[$Value of Net Cash$],[$Flows$]]],[$Initial investment,$$,(105,000),$x$,1\mathrm{.}0000,=,(105,000),(105,000)],[$Year $1,,40,000,$x$,0\mathrm{.}8696,=,,],[$Year $2,,40,000,$x$,0\mathrm{.}7561,=,,],[$Year $3,,40,000,$x$,0\mathrm{.}6575,=,,],[$Year $4,,40,000,$x$,0\mathrm{.}5718,=,,],[$Year $5,,40,000,$x$,0\mathrm{.}4972,=,,]]$

$($Round break$-$even time answers to two decimal places.$)$

Determine the break$-$even time for this equipment.