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. Net income Year 1 $3,300 Year 2 $8,300 Year 3 $30,000 Year 4 $12,400 Year 5 $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.) Year Net Income Depreciation Net Cash Flow Cumulative Cash Flow $ (50,000) $ (50,000) 3,300 8,300 30,000 12,400 33,200 Payback period =