8 3 3 points A company is planning to purchase a machine that will cost $39,552, have a six-year life, and will have 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 $ 144,000 Costs: Manufacturing $ 86,400 Depreciation on machine 4,000 Selling and administrative expenses 48,000 (138,400) Income $ 5,600 eBook Multiple Choice 6.18 years 12 36 voare