QS 11-24 (Algo) Break-even time LO A1 A $100,000 initial investment will generate the following present values of net cash flows. What is the breakeven time for this investment? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Round "Break even time" answer to 1 decimal place.) Year Initial investment 1. 2. 3. 4. 5. Present Value of Net Cash Flows $ (116,400) 40,000 36,362 28, 121 30,052 27,320 Cumulative Present Value of Net Cash Flows $ (116,400) (76,400) (40,038) (11,917) 18,135 45,454 Break-even time years