Buccaneers Inc. is considering the acquisition of a new machine that costs $470,000 and has a useful life of 5 years with no salvage value. The incremental net cash flows that would be produced by the machine are ignore income taxes. Year 1 Year 2 Year 3 Year 4 Year 5 Incremental Net Cash Flows $156,000 $ 163,000 $175,000 $160,000 $ 162.000 Assume cash flows occur uniformly throughout a year except for the initial investment. The payback period of this investment is closest to: (Round your answer to 1 decimal place.) Multiple Choice 21 years 2.9 year 5.0 years 4.1 years