Question: Exercise 24-4 Payback period; accelerated depreciation LO P1 A machine can be purchased for $259,000 and used for five years, yielding the following net incomes.

Exercise 24-4 Payback period; accelerated depreciation LO P1 A machine can be purchased for $259,000 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. Compute the machine's payback period (ignore taxes). (Round payback period answer to 3 decimal places.)

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