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. Year 1 Year 2 Year 3 Year 5 Net income $15,600 $38,600 $106,000 $58,300 $154,400 Year 4 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 0 1 $ Answer is complete but not entirely correct. Net Depreciation Net Cash Cumulative Cash Income Flow Flow $ (230,000) $ (230,000) 15,600 $ 46,000 61,600 168,400 X 38,600 46,000 84,600 83,800 106,000 46,000 68,200 58,300 46,000 154,400 46,000 2 3 4 5 Payback period 2.551 years