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 approprlate 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 Net Cash Flow Present Value of 1 at 10% Present Value of Net Cash Flows Cumulative Present Value of Net Cash Flows Initial investment s (108,000) 1.0000 = $ (108,000) $ (108,000) Year 1 Year 2 Year 3 = Year 4 Year 5