Eagle Company is considering the purchase of an asset for $100,000. It is expected to produce the following net cash flows. The cash flows occur evenly throughout each year. Compute the break-even time (BET) period for this investment. (Round to two decimal places.)
A) 2.85 years.
B) 2.57 years.
C) 3.17 years.
D) 2.98 years.
E) 3.62 years.

Question

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The Answer of Eagle Company is considering the purchase of an asset for $100,000. It is expected to produce the following net cash flows. The cash flows occur evenly throughout each year. Compute the break-even time (BET) period for this investment. (Round to two decimal places.)
A) 2.85 years.
B) 2.57 years.
C) 3.17 years.
D) 2.98 years.
E) 3.62 years.

Eagle Company Is Considering the Purchase of an Asset for $100,000