3 10-13 income and incremental net cash flows that would be produced by the machine are e (gnore income taxes.) Net Operating I Year 2 Year 3 Year 4 Year 5 $77,000 $83,000 $94,000 $57,e00 $99,000 $162,000 00.58 $161,080 Assume cash flows occur uniformly throughout a year except for the initial investment The payback period of this investment is closest to Multiple Choice