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please complete the table(s) to complete the question A machine can be purchased for $259,000 and used for five years, yielding the following net incomes.

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A machine can be purchased for $259,000 and used for five years, yielding the following net incomes. In projecting net incomes, double-declining depreciation is applied using a five-year life and a zero salvage value. Year 1 $12,500 Year 2 $35,000 Net income Year 3 $67,000 Year 4 $47,000 Year 5 $120,000 Compute the machine's payback period (ignore taxes). (Round payback period answer to 3 decimal places.) Computation of Annual Depreciation Expense Annual Depr. Accumulated Beginning (40% of Book Depreciation at Book Value Value) Year-End Year Ending Book Value 1 2 3 4 5 Computation of Annual Depreciation Expense Annual Depr Accumulated Beginning (40% af Book Book Value Depreciation at Value) Year-End Year Ending Book Value 1 2 3 4 5 Annual Cash Flows Year Net Income Depreciation Net Cash Flow Cumulative Cash Flow $ (259,000) 0 1 2 $ (259,000) 12,500 35,000 67,000 47,000 120,000 3 4 67,000 47,000 120.000 67,000 114,000 234,000 5 Payback period = years

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