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A machine can be purchased for $160,000 and used for five years, yielding the following...

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Accounting

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A machine can be purchased for $160,000 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 1 $10,700 Year 2 $26,700 Year 3 $57,800 Year 4 $40,100 Year 5 $106,800 Net income Compute the machine's payback period (ignore taxes). (Round your intermediate calculations to 3 decimal places and round payback period answer to 3 decimal places.) Cumulative Cash Flow Net Cash Flow Year Depreciation Net Income (160.000) s (160,000) $ 0 $ | 10,700 26,700 57,000 40,100 106,800 0 0 one Payback period

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