p M Homework 8 x Y chegg Yahoo Search Results 2.00 points A machine can be purchased for $219,000 and used for frve years, yielding the folowing net incomes In projecting net incomes, double-declining depreciation is applied, using a fve-year life and a zero salvage value Year 1 Year 2 Year 3 Year 4 Year 5 $13,000 $27.000 $73,000 $41,500 $123,000 Compute the machine's payback period (ignore taxes) (Round your intermediate calculations to 3 decimal places and payback period answer to 3 decimal places.) Computation of Annual Depreciation Expense Beginning Annual Depr. (40% Ending Book Cumulative t income Depreciation Net Cash Flow 0 219,000) (219,000) 13,000 27,000 73,000 41,500 114,500 123,000 123,000 231.500 eBook & Resources