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Business, 26.04.2021 05:00 sswd

A machine can be purchased for $60,000 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
$3,900
Year 2
$9,900
Year 3
$32,000
Year 4
$14,700
Net income
Year 5
$39,600
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.)

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A machine can be purchased for $60,000 and used for five years, yielding the following net incomes....
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