Initial investment $ $(23,548)$ $ $(10,495)$

Annual net cash flows, years $110$ $ $4,000$ $ $3,000$

Required rate of return on investment $6\%7\%$

Required:

Compute break$-$even time for both companies.

Based on break$-$even time, which company can expect its investment to more quickly yield positive net cash flows?Information on assumed capital investments in the current year for Google and Apple follow. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of

$$1)$

Note: Use appropriate factor$($s$)$ from the tables provided.

Required:

Compute break$-$even time for both companies.

Based on break$-$even time, which company can expect its investment to more quickly yield positive net cash flows?

Complete this question by entering your answers in the tabs below.

Compute break$-$even time for both companies.

Note: Round "Break even time" answers to $1$ decimal place.