Samsung invested $21,766 in the current year to expand its manufacturing capacity. Assume that these assets have
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Samsung invested $21,766 in the current year to expand its manufacturing capacity. Assume that these assets have an 8-year life and generate net cash flows of $4,000 per year, and that Samsung requires a 7% return on its investments. (Samsung $s in millions.)
Required
Compute break-even time.
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