Capital Budgeting Drill #6 - A company is considering purchasing a repair machine. The company uses the straight line method of depreciation. The following information was collected. Initial Cost = $350,000 Useful Life = 5 years Salvage Value = None Est. Net Income Year 1 = $153,000 Est. Net Income Year 2 = $75,000 Est. Net Income Year 3 = $102,000 Est. Net Income Year 4 = $12.000 Est. Net Income Year 5 = $6,000 What is the cash payback period of this investment