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Exercise 24-23 (Algo) Break-even time LO A1 A shoe manufacturer is evaluating new equipment that...

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Exercise 24-23 (Algo) Break-even time LO A1 A shoe manufacturer is evaluating new equipment that would custom fit athletic shoes. The new equipment costs $91,000 and will generate $36,000 in net cash flows for five years. (Negative cumulative cash flows should be indicated with a minus sign.) Determine the break-even time for this equipment

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