A company is considering the purchase of a new machine for $79,380 Management predicts that the machine can produce sales of $20,500 each year for the next to years. Expenses are expected to include drect materials, direct labor, and factory overhead totaling $17,200 per year, including depreciation of $4,800 per year. What is the payback period for the new machine? Multiple Choice 8.40 years: 1290 years. 6.90 years. 8.40 years. 1290 years. 6.90 years. 9.80 years. 20.90 years