answer both please

Beyer Company is considering the purchase of an asset for $220,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year. Check my work Net cash flows Year $63,000 Year 2 $34,000 Year 3 $63,000 Year 4 $150,000 Year 5 $27,000 Total $337,000 Compute the payback period for this investment. (Cumulative net cash outflows must be entered with a minus sign. Round your Payback Period answer to 2 decimal place.) Year Cash Inflow (Outflow) Cumulative Net Cash Inflow (Outflow) 0 s (220,000) 1 2 3 4 5 Payback period Exercise 24-3 Payback period computation; straight-line depreciation LO P1 Check my we A machine can be purchased for $240,000 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 $16,300 Year 2 $40,300 Year 3 $111,000 Year 4 $60,900 Year 5 $161,200 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 $ (240,000) $ (240,000) 0 1 $ 2 3 16,300 40,300 111,000 60,900 161,200 4 5 Payback period