A machine can be purchased for $50,000 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 4 Year 5 Net income $3,300 $8,300 $30,000 $12,400 $33,200 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.) Net Cash Flow Year Net Income Depreciation Cumulative Cash Flow $ 0 (50,000) (50,000) 1 $ 3,300 2 8,300 3 30,000 12,400 4 0 33,200 0 Payback period