Ch 26: Homework A Saved Help Save & Exit Submit Check my work m. Exercise 26-4 (Algo) Payback period, unequal cash flows, and depreciation adjustment LO P1 1.56 points A machine can be purchased for $160,000 and used for five years, ylelding 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 machine's payback period. (Round your Intermediate calculations to 3 decimal places and round payback period answer to 3 decimal places.) eBook Hint Year Initial invest Print 1 2 Net Income Depreciation Net Cash Flow Cumulative Net Cash Flow $ (160,000) s (160,000) S 10,700 26,700 57,000 40,100 0 106,800 0 3 References 4 5 Payback period