A machine can be purchased for $$230,000$ and used for five years, yielding the following income. This income computation includes annual depreciation expense of $$46,000.$

$10$

points

$\backslash$table$[[,$Year $1,$Year $2,$Year $3,$Year $4,$Year $5],[$Income$,$$$15,600,$$$38,600,$$$106,000,$$$58,300,$$$154,400]]$

Compute the machine's payback period. $($Round payback period answer to $2$ decimal places.$)$

$\backslash$table$[[\_($eBook $)^(),\backslash$table$[[$Year$],[$Initial invest$]],$Net Income,Depreciation,Net Cash Flow,$\backslash$table$[[$Cumulative Net Cash$],[$Flow$]]],[(230,000),(230,000)],[\backslash$table$[[(80.],[$Hint$]],$Year $1,15,600,,,],[$Year $2,38,600,,,],[$Year $3,106,000,,,],[$Print$,$Year $4,58,300,,,0],[$Year $5,154,400,,,0],[,$Payback period $=,]]$

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