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. Year 1 $15,600 Year 2 $38,600 Year 3 $106,000 Year 4 $58,300 Year 5 $ 154,400 Income Compute the machine's payback period. (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 Net Cash Flow Initial invest $ (230,000) $ (230,000) Year 1 $ 15,600 Year 2 38,600 Year 3 Year 4 106,000 58,300 154,400 Year 5 Payback period =