A machine can be purchased for $200,000 and used for five years, yielding the following income. This income computation includes annual depreciation expense of $40,000. Year 1 Year 2 Year 3 Income $13,500 $33,500 $83,000 Year 4 Year 5 $50,500 $134,000 Compute the machine's payback period. Note: Round payback period answer to 2 decimal places. Year Net Income Depreciation Net Cash Flow Cumulative Net Cash Flow Initial invest $ (200,000) $ (200,000) Year 1 $ 13,500 Year 2 33,500 Year 3 83,000 Year 4 50,500 Year 5 134,000 0 0 Payback period =