The management of Nebraska Corporation is considering the purchase of a new machine costing $490,000. The company's desired rate of return is 10%. The present value factors for $1 at compound interest of 10% for 1 through 5 years are 0.909, 0.826, 0.751, 0.683, and 0.621, respectively. In addition to the foregoing information, use the following data in determining the acceptability in this situation:

Year	Income from Operations	Net Cash Flow
1	$100,000	$180,000
2	40,000	120,000
3	40,000	100,000
4	10,000	90,000
5	10,000	120,000

13. The cash payback period for this investment is:

a.	5 years
b.	4 years
c.	2 years
d.	3 years