GOOGLE 2. Based on break-even time, which company can APPLE expect its investment to more quickly yield positive net cash flows? AA 24-2 Information on assumed capital investments in the current year for Google and Apple follow. EXTENDED ANALYSIS $ millions Google Apple A1 Initial investment . . . . . .. . . . .. .. .... $(23,548) $(10,495) Annual net cash flows, years 1-10. $4,000 $3,000 Required rate of return on investment 6% 7% Samsung Required AA 24-3 Samsung invested $21,766 in the current year to expand its manufacturing capacity. Assume that these 1. Compute break-even time for both companies. 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.)