A machine can be purchased for $70,000 and used for five years, yielding the following income. This income computation includes annual depreciation expense of $14,000.

Exercise 24-4 (Algo) Payback period, unequal cash flows, and depreciation adjustment LO P1 A machine can be purchased for $70,000 and used for five years, ylelding the following income. This income computation Includes annual depreclation expense of $14,000. Compute the machine's payback perlod. (Round payback perlod answer to 2 decimal places.)