Lesson 12 HW (Graded) Seved 3 Exercise 24-3 Payback period computation; straight-line depreciation LO P1 8.33 points A machine can be purchased for $210,000 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 salvage value. Year 1 Year 2 Year 3 Year 4 Year 5 Net income $14,200 $35,200 $91,000 $53,100 $140,000 Book 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.) Hint Your Net Income Depreciation Net Cash Flow Cumulative Cash Flow $ (210,000) $ (210,000) Print 0 1 2 $ References 3 4 5 14,200 35,200 91,000 53,100 140,800 Payback period M Graw