A company is considering purchasing a machine that costs $600000 and is estimated to have no salvage yalue at the end of its 8- year useful life. If the machine is purchased, annual revenues are expected to be $250000 and annual operating expenses exclusive of depreciation expense are expected to be $46000. The straight-line method of depreciation would be used. The cash payback period on the machine is 3.9 years. O 2.9 years. O 1.9 years. O 8.0 years.

A compary is considering purchasing a machine that costs $600000 and is estimated to have no salvage value at the end of its 8 . year useful life. If the machine is purchased, annual revenues are expected to be $250000 and annual operating expenses exclusive of depreciation expense are expected to be $46000. The straight-line method of depreciation would be used. The cash payback: period on the machine is 3.9 years. 2.9 years. 1.9 years. 8.0 years