Apple invested $$10,495$ in the current year to expand its manufacturing capacity. Assume that these assets have a $10-$year life and generate net cash flows of $$3,000$ per year, and that Apple requires a $7\%$ return on its investments. $($Apple $s in millions.$)($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and PVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided.

Required:

Compute break$-$even time.

Compute the net present value of this investment.

Complete this question by entering your answers in the tabs below.

Compute break$-$even time.

Note: Round "Break even time" answer to $1$ decimal place.

Break$-$even time

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