6:39 MC Qu. 89 A company is planning... A company is planning to purchase a machine that will cost $36,000 with a six-year life and no salvage value. The company expects to sell the machine's output of 3,000 units evenly throughout each year. A projected Income statement for each year of the asset's life appears below. What is the payback period for this machine? Sales Costs: $102,000 Manufacturing $56,000 Depreciation on machine Income before taxes 6,000 Selling and administrative expenses 34,000 (96,000) $ 6,000 Income tax (35%) Net income Multiple Choice 600 years < Prev 21 of 25 NOxt > (2,100) $ 3,900