A $141,000 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. Year Initial investment 1. 2. 3. 4. 5. Break-even time Cumulative Present value of Present value of Net Cash Flows Net Cash Flows $ (141,000) $ (141,000) 45,455 (95,545) 41,320 (54,225) 32,629 (21,596) 34,150 12,554 31,045 43,599 years

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Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.