A machine can be purchased for $230,000 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 $15,600 $38,680 $106,0 $58,380$154,48e 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 (230,000) $ (230,000) 1S15,600 38,600 106,000 58,300 154.400 Payback period