Question: A machine can be purchased for exist230,000 and used for five years, yielding the following net incomes. In projecting net incomes, straight-line depreciation is applied,

A machine can be purchased for exist230,000 and used for five

A machine can be purchased for exist230,000 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. Compute the machine's payback period (ignore taxes). (Round payback period answer to 4 decimal places.)

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