Vandezande Inc. is considering the acquisition of a new machine that costs $470,000 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. Increnental Incrementa Net Operating Net Cash Income Year 1 78,000 Year 2 84,000 Year 3 95,000 Year 4 58,000 Year 5 $100,000 Flows $156, 000 $163,000 $175,000 $160,000 $162,000 651 Assume cash flows occur uniformly throughout a year except for the initial investment The payback period of this investment is closest to