A machine can be purchased for $100,000 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 $6,780 Year 2 $16, 788 Year 3 $38,8e0 Year 4 $25,198 Year $66,880 Net income Compute the machine's payback period (ignore taxes). (Rund your intermediate calculation$ t payback period answer t 3 decimal places.) 3 decimal place$ and round Year Net Income Net Cash Flow Cumulative Cash Flow (100,000)S (100,000) 6,700 16,700 38,000 25,100 66,800 Payback period =