Help please!

A machine can be purchased for $279,000 and used for five years, yielding the following net incomes. In projecting net income double-declining depreciation is applied using a five-year life and a zero salvage value. ear Net income I FLI,OOO $32,000 $50,000. $46,000 ear SJ07 , 000/1 Compute the machine's payback period (ignore taxes). (Round payback period answer to 3 decimal places.) 2 3 4 5 ear o 2 3 4 5 Beginning Book Value Net income $ (279,000) 11,000 32,000 50,000 46,000 107,000 Computation of Annual Depreciation Expense Annual Depr. (40% Accumulated Ending Book Of Book Value) Depreciation at Year-End Value Annual Cash Flows Depreciation Cumulative Net cash Flow Cash Flow $ (279,000) 50,000 46,000 107 ,ooo Payback period 50,000 96,000 203,000 years