Question: A company is considering investing in new equipment that costs $100,000 and will generate $35,000 in annual net cash flows for five years. The company

 A company is considering investing in new equipment that costs $100,000

A company is considering investing in new equipment that costs $100,000 and will generate $35,000 in annual net cash flows for five years. The company requires a 12% return on all investments. Determine the break-even time for this equipment. Note: Negative cumulative cash flows should be indicated with a minus sign. Initial investment (100,000}| = 1.0000|= Year 1 35,000 = 0.8929|= Year 2 35,000 = 0.7972|=

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