Rose Co. is thinking about purchasing a new machine to help better efficiency of their production process as well as better their products quality. The machine will be useful for five years and give these cash flows at the end of the year:

First Year Cash Flow:

Second Year Cash Flow: Third Year Cash Flow:

Fourth Year Cash Flow:

Fifth Year Cash Flow:

The machine needs maintenance at the end of the third year which will be a cost of $139,500 for the company. The company can sell the machine for salvage for $65,000 after its fifth year. The company's discount rate is 10.0% and the price of the machine is $930,000.

For the new machine, will be payback period?