Check my work A machine can be purchased for $248,000 and used for five years, yielding the following net incomes. In projecting net incomes, double-declining depreciation is applied, using a five-year life and a zero salvage value Year 3 Year 4 Year 5 Year 1 $19,eee $45,ee0 $6e,eee $58,588 $131,00 Year 2 Net income Compute the machine's payback period (ignore taxes) (Round payback period answer to 3 decimal p (Round payback period answer to 3 decimal places)