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. Income: Year 1 Year 2 $15,600 $38,600 Year 3 $106,000 Year 4 $58,300 Year 5 $154,400 Compute the machine's payback period. (Round payback period answer to 2 decimal places.) Year Net Income Depreciation Net Cash Flow Cumulative Not Cash Flow Initial invest $ (230,000) $ (230,000) Year 1 $ 15,600 Year 2 38,600 Year 3 106,000 Year 4 58,300 Year 5 154,400 0 Payback period=