question 3, A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new equipment costs $90,000 and will generate $35,000 in net cash flows for five years. Equipment cost Annual net cash flow Years $90,000 $35,000 5 10% Discount rate Required: Determine the break-even time for this equipment.

A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new equipment costs $90,000 and will generate $35,000 in net cash flows for five years. Determine the break-even time for this equipment. Jse formulas that reference data from this worksheet and from the appropriate future or present ralue tables (found by clicking the tabs at the bottom of this worksheet) and Negative cumulative cash flows should be indicated with a minus sign.) Table 1. Present Value of $1 > Present Value of $1 Future Value of $1 Present Value of Annuity of $1 Future Value Table 2 Future value of $1 >A Present Value of $1 Future Value of $1A Present Value of Annuity of $1 Future Value of Annuity of $ Calculation Mode: Automatic Workbook Statistics Table 4 Present Value of an Annuity of 1 > Present Value of $1 Future Value of $1Q Present Value of Annuity of $1B Future Value of Annuity of $1 Table 3 Future Value Annuity of $1 >Q Present Value of $1B Future Value of $1B Present Value of Annuity of $1B Future Value of Annuity of s