A company is considering the purchase of a new machine for $124,260. Management predicts that the machine can produce sales of $26,000 each year for the next 10 years. Expenses are expected to include direct materials, direct labor, and factory overhead totaling $21,600 per year, including depreciation of $7,000 per year. What is the payback period for the new machine? Multiple Choice o 14.00 years 8.00 years. O O 10.90 years. 2200 years. O 9.50 years