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 FVA of $1) (Use appropriate factor(s) from the tables provided.)

Required: 1. Compute break-even time.

2. Compute the net present value of this investment.

Step by step please