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 $183,000 and is expected to generate an additional $115,000 in cash flows for 5 years. A bank will make a $183,000 loan to the company at a 10% interest rate for this equipment's purchase. Use the following table to determine the break-even time for this equipment All cash flows occur at year-end (PV of $1. FV of $1. PVA o $1. and EVA of S1) (Use appropriate factor(s) from the tables provided. Cumulative net cash outflows must be entered with a minus sign. Round your present value foctor to 4 decimals. Round your answers to whole dollars. Round "Break even time" answer to 1 decimal place.) Chart Values are Based on % Yeat Cash Inflow (Outflow) PV Factor Present Value Cumulative Present Value of Inflow (Outflow) 0 $ (183.000) X 10000 5 (183,000) $ (183,000) 1 2 3 4 5 ment (20 points) Savad A machine can be purchased for $130,000 and used for five years. yielding the following net incomes. In projecting net incomes, straight-line depreciation is applied using a five-year life and a zero salvage value. Year 1 Year 2 Year 3 Year 4 Year 5 Net Income 58,800 $21,800 $57,000 $32,900 $87,200 Compute the machine's payback period (ignore taxes). (Round your intermediate calculations to 3 decimal places and round payback period answer to 3 decimal places.) Year Net Income Depreciation Net Cash Flow Cumulative Cash Flow 0 5 (130,000) 5 (130,000) 1 $ 2 3 8 800 21,800 57,000 32,900 87 200 4 5 Payback period