5 .33 oints eBook Exercise 26-4 (Algo) Payback period, unequal cash flows, and depreciation adjustment LO P1 A machine can be purchased for $210,000 and used for five years, yielding the following income. This income computation includes annual depreciation expense of $42,000. Income Year 1 $14,200 Year 2 $35,200 Year 3 $91,000 Year 4 $53,100 Year 5 $140,800 Compute the machine's payback period. (Round payback period answer to 2 decimal places.) Year Net Income Depreciation Net Cash Flow Hint Cumulative Net Cash Flow Initial invest Year 1 $ (210,000) $ (210,000) $ 14,200 Print Year 2 35,200 Year 3 91,000 Year 4 53,100 References Year 5 140,800 Payback period =