Extensional flow of viscoelastic fluids is widely utilized in various industrial processes such as electrospinning, 3D printing and plastic injection molding. Extensional rheological properties, such as apparent viscosity and relaxation time, play an important role in the design and evaluation of the viscoelastic fluid-involved processes. In this work, we propose a lab-built capillary breakup extensional rheometer (CaBER) based on flow image processing to investigate the capillary breakup of polyethylene oxide (PEO) solution and its extensional rheological properties. We found that the apparent extensional viscosity and extensional relaxation time of the PEO solution are independent of the strike time. The proposed CaBER is expected to be applied to characterization of the extensional rheological properties of viscoelastic fluids at low cost with high precision.