Round payback period answer to 3 decimal places year

Compute the machine’s payback period (ignore taxes). (Round payback period answer to 3 decimal
places.)
$ $
$ $
Year Net Income Depreciation Net Cash Flow Cumulative Cash Flow
0 (150,000) (150,000)
1 10,000 30,000
40,000 (110,000)
2 25,000
55,000 (55,000)
3 50,000 25,000
4 37,500
5 100,000
Payback period =
2.688
30,000
30,000 80,000
30,000 67,500 92,500
30,000 130,000 222,500
years
F
F F
F F F
F F F
F
Hint #1
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