break-even time is incorect

Heels, a shoe manufacturer, is evaluating the costs and benefits of new equipment that would custom fit each pair of athletic shoes. The customer would have his or her foot scanned by digital computer equipment: this information would be used to cut the raw materials to provide the customer a perfect fit. The new equipment costs $101.000 and is expected to generate an additional $40,000 in cash flows for five years. A bank will make a $101.000 loan to the company at a 12% interest rate for this equipment's purchase. Compute the recovery time for both the payback period and break-even time. (PV of $1. FV of $1. PVA of $1. and EVA of SD) (Use appropriate factor(s) from the tables provided.) Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Payback Deriod Break even Compute the recovery time for the break even time. Cumulative net cash outflows must be entered with a minu Sign Round your Break even time answer to 1 decimal placa Chart Values are Based on: 12 % Cumulative Present Value Cost Inflow Outflow Year Factor Value of Indlow Chart Values are Based on: i= 12 % Year Cash Inflow (Outflow) PV Factor Present Value Cumulative Present Value of Inflow (Outflow) $ = N (101.000) 40,000 40,000 40.000 40,000 40.000 1 0000 0.8929 0.7972 0.7118 0.6355 0.6674 $ (101,000) 35.716 31.888 28.472 25,420 22,686 $ 43192 (101.000) (65284) (33.396) (4.924) 20.496 43.192 Break-even time 423 years