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 Year 2 Year 3 Year 4 Year 5 Net income $ 6,700 $ 16,700 $ 38,000 $ 25,100 $ 66,800

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.)

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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.) (100,000) 0 1 $ 6,700 2 16,700 3 38,000 4 25,100 5 66,300