A machine can be purchased for $110,000 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 $ 7,400 $ 18,400 $ 43,000 $ 27,700 $ 73,600 Compute the machines 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			(110,000)	$(110,000)
1	$7,400
2	18,400
3	43,000
4	27,700			0
5	73,600			0
Payback period =