A shoe manufacturer is evaluating new equipment-that would custom fit athletic shoes. The new equipment costs $116,000 and will generate $44,000 in net cash flows for five years. Note: Negative cumulative cash flows should be indicated with a minus sign. Round break-even time answers to two decimal places. Determine the break-even time for this equipment. Present Year Net Cash Flow x Value of 1 at 10% Present Value of Net Cash Cumulative Present Flows Value of Net Cash Flows Initial investment $ (116,000) x 1.0000 $ (116,000) $ (116,000) Year 11 44,000 x 0.9091 = Year 2 44,000 x 0.8264 Year 3 44,000 x 0.7513 Year 41 44,000 x 0.6830 Year 5 44,000 x 0.6209-