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Exercise 2423 (Algo) Break-even time LO A1 A shoe manufacturer Is evaluating new equipment that would custom fit athletic shoes. The new equipment costs $113,000

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Exercise 2423 (Algo) Break-even time LO A1 A shoe manufacturer Is evaluating new equipment that would custom fit athletic shoes. The new equipment costs $113,000 and will generate $44,000 in net cash flows for five years. (Negatlve cumulatlve cash flows should be indlcated with a minus sign.) Determine the break-even time for this equipment

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