Hudson Co. can purchase a machine for $180,000 and use it 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 salvage value Net income Year 1 $12,100 Year 2 $30, 100 Year 3 $69,898 Year 4 $45,388 Year 5 $120,480 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 Flow Cumulative Cash Flow 0 $ (180,000) $ (180,000) 1 $ CN 12.100 30,100 69,000 45,300 120,400 0 0 Payback period