Question: Payback period computation; declining-balance depreciation P1 A machine can be purchased for $150,000 and used for 5 years, yielding the following net incomes. In projecting

Payback period computation; declining-balance depreciation P1 A machine can be purchased for $150,000 and used for 5 years, yielding the following net incomes. In projecting net incomes, double-declining balance depreciation is applied, using a 5-year life and a zero salvage value. Compute the machine's payback period (ignore taxes). (Round the payback period to three decimals.)

NET INCOMES YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 $10,000 $25,000 $50,000 37,500 $100,000

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