QS 24-24 (Algo) Break-even time LO A1 A $104,100 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) (Round "Break-even time" answer to 1 decimal place.) Year Initial investment 1. 2. 3. 4. 5. Cumulative Present Value of Present Value of Net Cash Flows. Net Cash Flows $ (104,100) $ (104,100) (66,827) (32,945) 37,273 33,882 25,867 28,003 25,457 (7,078) 20,925 46,382

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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QS 24-24 (Algo) Break-even time LO A1
A $104,100 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) (Round "Break-even time" answer to 1 decimal place.)
Year
Initial investment
1.
2.
3.
4.
5.
Break-even time
Cumulative
Present Value of Present Value of
Net Cash Flows Net Cash Flows
$ (104,100)
$ (104,100)
37,273
(66,827)
33,882
(32,945)
25,867
(7,078)
28,003
20,925
25,457
46,382
years
Transcribed Image Text:QS 24-24 (Algo) Break-even time LO A1 A $104,100 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) (Round "Break-even time" answer to 1 decimal place.) Year Initial investment 1. 2. 3. 4. 5. Break-even time Cumulative Present Value of Present Value of Net Cash Flows Net Cash Flows $ (104,100) $ (104,100) 37,273 (66,827) 33,882 (32,945) 25,867 (7,078) 28,003 20,925 25,457 46,382 years
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