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A machine can be purchased for $240.000 and used for five years. yielding...

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A machine can be purchased for $240.000 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. Net Year 1 $16,300 Year 2 $40,300 Year 3 $111,000 Year 4 $60,900 Year 5 $161,200 Compute the machine's payback period (ignore taxes). (Round your Intermedlate calculations to 3 decimal places and round payback perlod answer to 3 decimal places.) Year Net Income Depreciation Net Cash Flow Cumulative Cash Flow $ (240.000) S (240,000) 16,300 40,300 111,000 80,900 161,200 Payback period =

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