16 A manufacturer is considering an investment in new equipment. The new equipment requires an initial...

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16 A manufacturer is considering an investment in new equipment. The new equipment requires an initial investment of $163.500. It w generate the following present values of net cash flows. Determine the break-even time for this equipment. Present Value of Present value of cumulative Year Net Cash Flows Net Cash Flows Initial investment $(163,500) $(163,500) 00:22:46 Year 1 50,800 (112,700) Year 2 45,652 (67,048) Year 3 38,705 (28,343) Year 4 Skipped Note: Round "Break-even time" to 1 decimal. 37,765 9,422 Break-even time years 16 A manufacturer is considering an investment in new equipment. The new equipment requires an initial investment of $163.500. It w generate the following present values of net cash flows. Determine the break-even time for this equipment. Present Value of Present value of cumulative Year Net Cash Flows Net Cash Flows Initial investment $(163,500) $(163,500) 00:22:46 Year 1 50,800 (112,700) Year 2 45,652 (67,048) Year 3 38,705 (28,343) Year 4 Skipped Note: Round "Break-even time" to 1 decimal. 37,765 9,422 Break-even time years