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.

	Year 1				Year 2				Year 3				Year 4				Year 5
Net income		$	9,500			$	23,500			$	64,000			$	35,500			$	94,000

3,300 $23,500 $64,000 $35,500 Year 5 $94.000 Compute the machine's payback period (ignore taxes). (Round your intermediate calcu payback period answer to 3 decimal places.) Year Net Income Depreciation Net Cash Flow Cumulative Cash Flow $ (140,000) $ $ (140,000) WN - 9,500 23,500 64,000 35,500 94,000 Payback period =