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A machine can be purchased for $220,000 and used for five years, yielding the following...

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A machine can be purchased for $220,000 and used for five years, yielding the following net incomes. In projecting net incomes. straight-line depreciation is applied, using a five-year life and a zero salvage value. Year 1Year 2 Year 3Year 4 14,98 $36,908 $99,808 $55,788 $147,688 Net income Compute the machine's payback period (ignore taxes). (Round your Intermediate calculatlons to 3 declmal places and round payback perlod answer to 3 declmal places.) Year Net Income Depreciation Net Cash Flow Cumulative Cash Flow (220,000)S (220,000) is 14.900 36,900 55,700 147.600 Payback period

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