22 023611 A company is considering the purchase of a new machine for $50,000. Management predicts that the machine can produce sales of $16,200 each year for the next 10 years. Expenses are expected to include direct materials, direct labor, and factory overhead totaling $7,800 per year including depreciation of $4,200 per year. Income tax expense is $3.360 per year based on a tax rate of 40%. What is the payback period for the new machine? Multiple Choice 3.09 years. 6.10 years. 5.41 years. O 11.90 years. 21.93 years