Exercise 24-4 (Algo) Payback period, unequal cash flows, and depreciation adjustment LO P1 A machine can be purchased fo

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Exercise 24 4 Algo Payback Period Unequal Cash Flows And Depreciation Adjustment Lo P1 A Machine Can Be Purchased Fo 1 (39.31 KiB) Viewed 42 times

Exercise 24-4 (Algo) Payback period, unequal cash flows, and depreciation adjustment LO P1 A machine can be purchased for $180,000 and used for five years, yielding the following income. This income computation includes annual depreciation expense of $36,000. Year 3 Year 4 Year 5 Year 1 Year 2 $12,100 $30,100 Income $69,000 $45,300 $120,400 Compute the machine's payback period. (Round payback period answer to 2 decimal places.) Year Net Income Depreciation Net Cash Flow Cumulative Net Cash Flow Initial invest $ (180,000) $ (180,000) Year 1 $ 12,100 Year 2 30,100 Year 3 69,000 Year 4 45,300 Year 5 120,400 Payback period i