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A machine can be purchased for $210,000 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 $210,000 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 Net income $14,200 Year 2 $35,200 Year 3 $91,000 Year 4 $53, 100 Year 5 $140,800 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 $ (210,000) $ (210,000) 1 $ 14,200 2 3 35,200 91,000 53,100 140,800 4 5 Payback period =

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