Question: QS 2 4 - 2 4 ( Algo ) Break - even time LO A 1 A $ 1 3 2 , 8 0 0

QS 24-24(Algo) Break-even time LO A1
A $132,800 initial investment will generate the following present values of net cash flows. What is the break-even time for this investment? (PV of $1, FV of $1, PVA of $1, and FVA of $1)
Note: Round "Break-even time" answer to 1 decimal place.
YearPresent Value of Net Cash FlowsCumulative Present Value of Net Cash FlowsInitial investment$ (132,800)$ (132,800)1.43,636(89,164)2.39,667(49,496)3.31,126(18,370)4.32,78414,4145.29,80344,217

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