Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta

Exercise 56

Refer to the information in Exercise 25-3 and assume instead that double-declining depreciation is applied. Compute the machine's payback period (ignore taxes). (Round the payback period to three decimals.)
Reference: Exercise 25-3
A machine can be purchased for $150,000 and used for five years, yielding the following net incomes. In projecting net incomes, straight-line depreciation is applied, using a five-year life and a zero salvage value. Compute the machine's payback period (ignore taxes). (Round the payback period to three decimals.)