Question: Exercise 2 4 - 4 ( Algo ) Payback perlod, unequal cash flows, and depreclatlon adjustment LO P 1 A machine can be purchased for

Exercise 24-4(Algo) Payback perlod, unequal cash flows, and depreclatlon adjustment LO

Exercise 24-4(Algo) Payback perlod, unequal cash flows, and depreclatlon adjustment LO P1
A machine can be purchased for $120,000 and used for five years, yielding the following income. This income computation includes
annual depreciation expense of $24,000.
Compute the machine's payback period. (Round payback perlod answer to 2 declmal places.)
P1 A machine can be purchased for $120,000 and used for five

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