A machine can be purchased for $254,000 and used for five years, yielding the following net incomes. In projecting net incomes, double-declining depreciation is applied using a five-year life and a zero salvage value Net income Your 1 $10,500 Year $37,000 Year $73,000 $57,000 $136,000 Compute the machine's payback period (ignore taxes). (Round payback period answer to 3 decimal places.) Computation of Annual Depreciation spese Yoar Beginning Annual Depr. (40% Book Value of Book Value) 1 2 3 4 5 Accumulated Depreciation at Year-End Ending Book Value Annual Cash Flows Year Net income Depreciation 0 $ (254,000) 1 10,500 2 37,000 3 73,000 4 57,000 5 136,000 Cumulative Cash Flow (254,000) Net Cash Flow $