Exercise $11-4($Algo$)$ Payback period, unequal cash flows, and depreciation adjustment LO P$1$

A machine can be purchased for $$210,000$ and used for five years, yielding the following income. This income computation includes annual depreciation expense of $$42,000.$

Year $1$ Year $2$ Year $3$ Year $4$ Year $5$

Income $$14,200$ $$35,200$ $$91,000$ $$53,100$ $$140,800$

Compute the machine$$s payback period.

Note: Round payback period answer to $2$ decimal places.