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

A machine can be purchased for $$60,000$ and used for five years, yielding the following income. This income computation includes annual depreciation expense of $$12,000.$

$\backslash$table$[[,$Year $1,$Year $2,$Year $3,$Year $4,$Year $5],[$Income$,$$$3,900,$$$9,900,$$$32,000,$$$14,700,$$$39,600$