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A machine can be purchased for $140,000 and used for five years, yielding the following net incomes. In projecting net incomes, straight-line depreciation is applied

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A machine can be purchased for $140,000 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. Net income Year 1 $9,500 Year 2 $23,500 Year 3 $64,000 Year 4 $35,500 Year 5 $94,000 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 S (140,000) Cumulative Cash Flow S (140,000) 0 1 $ 3 9,500 23,500 64,000 35,500 94,000 Payback period =

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