financial accounting:

The owner of a company AL Hakami is considering to purchase a new machine .It costs SR, 30,000 and is likely to bring in after-tax cash inflows of SR,8,000 in the first year, RS.13000 in the second year SR,10,000 in the 3rd year, and SR,10,000 in the 4th year and 12000 in 5th year . The firm has a policy of buying equipment only if the payback period is 3 years or less. Solve the question by using Payback period and state whether the owner would buy it or not.