A machine can be purchased for $160,000 and used for five years, yielding the following income. This
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A machine can be purchased for $160,000 and used for five years, yielding the following income. This income computation includes annual depreciation expense of $32,000.
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |
|---|---|---|---|---|---|
| Income | $10,700 | $26,700 | $57,000 | $40,100 | $106,800 |
Compute the machines payback period
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