A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new equipment costs $109,000 and will generate $42,000 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. Chart Values are Based on: 1 Year Net Cash Flow X Present Value of 1 at 10% 10000 - Present Value Cumulative Present of Net Cash Value of Net Cash Flows Flows S (109,000) $ (109,000) Initial investment S (109,000) 42.000 x 42,000 x 33.482 Year 1 Year 2 Year 3 Year 4 Year 5 0.8929 0.79721 0.7118- 0.6355 0.5674 years