A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new equipment...

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A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new equipment costs $99.000 and will generate $38,000 in net cash flows for five years. Note: Negative cumulative cash flows should be indicated with a minus sign. Round break-even time answers to two decimal places. Determine the break-even time for this equipment. Year Net Cash Flow x Present Value of 1 at 15% Present Value Cumulative Present of Net Cash Flows Value of Net Cash Flows Initial investment S (99,000) x 1.0000 S (99,000) $ (00,000) Year 1 38,000 x 0.8090- Year 2 38,000 x 0.7501- Year 3 38.000 x 0.6575 Year 4 38,000 x 0.5718 Year 5 38.000 x 0.4072- A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new equipment costs $99.000 and will generate $38,000 in net cash flows for five years. Note: Negative cumulative cash flows should be indicated with a minus sign. Round break-even time answers to two decimal places. Determine the break-even time for this equipment. Year Net Cash Flow x Present Value of 1 at 15% Present Value Cumulative Present of Net Cash Flows Value of Net Cash Flows Initial investment S (99,000) x 1.0000 S (99,000) $ (00,000) Year 1 38,000 x 0.8090- Year 2 38,000 x 0.7501- Year 3 38.000 x 0.6575 Year 4 38,000 x 0.5718 Year 5 38.000 x 0.4072-