A machine can be purchased for $250,000 and used for five years, yielding the following income. This income computation includes annual depreciation expense of $50,000. Income Year 1 $17,000 Year 2 Year 3 $42,000 $119,000 Year 4 $63,500 Year 5 $168,000 Compute the machine's payback period. (Round payback period answer to 2 decimal places.) Year Net Income Depreciation Net Cash Flow Cumulative Net Cash Flow Initial invest $ (250,000) $ (250,000) Year 1 $ 17,000 Year 2 42,000 Year 3 119,000 Year 4 63,500 Year 5 168,000 Payback period =