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Vandezande Inc. is considering the acquisition of a new machine that costs $458,000 and has a useful life of 5 years with no salvage value.

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Vandezande Inc. is considering the acquisition of a new machine that costs $458,000 and has a useful life of 5 years with no salvage value. The incremental net operating income and incremental net cash flows that would be produced by the machine are (Ignore income taxes.): Incremental Net Operating Income $66,000 $72,000 $83,000 $46,000 $88,000 Incremental Net Cash Flows Year 1 Year 2 Year 3 Year 4 Year 5 $150,000 $152,000 $165,000 $148,000 $150,000 Assume cash flows occur uniformly throughout a year except for the initial investment. The payback period of this investment is closest to

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