Capital Budgeting Assignment 12 2 points A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new equipment costs $106,000 and will generate $41,000 in net cash flows for five years. (Negative cumulative cash flows should be indicated with a minus sign.) Determine the break-even time for this equipment. Skipped Year Present Net Cash Flow Value of 1 at 10% Present Value of Net Cash Flows Cumulative Present Value of Net Cash Flows Initial investment $ (106,000) x Year 1 41,000 x 1.0000 = 0.9091 = $ (106,000) $ (106,000) eBook Year 2 41,000 x 0.8264 = Year 3 41,000 x 0.7513 = Hint Year 4 41,000 x 0.6830 = Year 5 41,000 x 0.6209 = Print References (Round break-even time answers to two decimal places.)