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HELP ASAP Exercise 24-3 Payback period computation; straight-line depreciation LO P1 A machine can be purchased for $250.000 and used for five years, yielding the

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Exercise 24-3 Payback period computation; straight-line depreciation LO P1 A machine can be purchased for $250.000 and used for five years, yielding the following net incomes. In projecting net incomes. straight-line depreciation is applied using a five-year life and a zero selvage value. Year Year 2 Year 3 Year 4 Year 5 Net income $17.000 $42,000 3119,000 563,500 $160,000 Compute the machine's payback period (ignore taxes). (Round your intermediate calculations to 3 decimal places and round payback period answer to 3 decimal places.) Year Net Income Depreciation Net Cash Cumulative Cash Flow Flow $ 250,000 $ 250.000) 0 1 $ UN 17.000 42.000 119,000 63.500 168,000 Payback period

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