Exercise $24-4($Algo$)$ Payback period, unequal cash flows, and depreciation adjustment LO P$1$

A machine can be purchased for $$130,000$ and used for five years, yielding the following income. This income computation includes

annual depreciation expense of $$26,000.$

Compute the machine's payback period. $($Round payback period answer to $2$ decimal places.$)$

Answer is complete but not entirely correct.