6 A machine can be purchased for $160,000 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 $10,700 $26,700 $57,000 $40,100 $ 106,800 02:27:23 Compute the machine's payback period (ignore taxes). (Round your intermediate calculations to 3 decimal places and round payback period answer to 3 decimal places.) eBook Year Net Income Depreciation Net Cash Cumulative Cash Flow Flow (160,000 $ (160,000) $ | 10,700 26,700 57,000 40,100 106,800 Payback period =