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Exercise 2 4 - 4 ( Algo ) Payback period, unequal cash flows, and depreciation adjustment LO P 1 A machine can be purchased for

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Exercise 24-4(Algo) Payback period, unequal cash flows, and depreciation adjustment LO P1
A machine can be purchased for $220,000 and used for five years, ylelding the following income. This income computation includes annual depreciation expense of $44,000.
\table[[,Year 1,Year 2,Year 3,Year 4,Year 5],[Income,$14,900,$36,900,$99,000,$55,700,$147,600
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