A machine can be purchased for $190,000 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 $12,80e Year 2 $31,800 Year 3 $76,000 Year 4 $47,900 Year 5 $127,206 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 (190,000) S (190,000) 12,800 31,800 76,000 47,900 127,200 2 4