A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new equipment costs $108,000 and will generate $41,000 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: Year Present Net Cash Flow X Value of 1 at 10% $ (108,000) 1.0000 Present Value Cumulative Present of Net Cash Value of Net Cash Flows Flows $ (108,000) $ (108,000) Initial investment Year Year 2 Year 3 Year 4 Year 5 +