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A machine can be purchased for $80,000 and used for five years, yielding the following income. This income computation includes annual depreciation expense of $16,000.

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A machine can be purchased for $80,000 and used for five years, yielding the following income. This income computation includes annual depreciation expense of $16,000. Compute the machine's payback period. (Round payback period answer to 2 decimal places.)

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