Exercise 24-23 (Algo) Break-even time LO A1 A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new equipment costs $105,000 and will generate $40,000 in net cash flows for five years. (PV of \$1. EV of \$1, PVA of \$1, and EVA of \$I) (Use approprlate factor(S) from the tables provided.) (Negative cumulative cash flows should be indicated with a minus sign. Round your present value factor to 4 decimals and break-even time answers to two decimal places.) Determine the break-even time for this equipment