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 $6,700 Year 2 $16,700 Year 3 $38,000 Year 4 $25,100 Year 5 $66,800 Net income 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.) Year Net Income Depreciation Net Cash Flow Cumulative Cash Flow 0 $ (100,000) $ (100,000) 1 $ 6,700 2 3 16,700 38,000 25,100 66,800 4. 5 Payback period