3)

A machine can be purchased for $70,000 and used for five years, yielding the following net incomes. In projecting net incomes, straight-line depreciation is applied, using a five-year life and a zero salvage value.

	Year 1	Year 2	Year 3	Year 4	Year 5
Net income		$	4,600			$	11,600			$	34,000			$	17,300			$	46,400

Compute the machine?s payback period (ignore taxes).(Round payback period answer to 4 decimal places.)

Please fill attachment Year net income 0 1 2 3 4 5 4600 11600 34000 17300 46400 payback period depreciation cumulativ net cash e cash flow flow -70000 -70000