A company is considering the purchase of a new machine for $59,000. Management predicts that the machine can produce sales of $17,100 each year for the next 10 years. Expenses are expected to include direct materials, direct labor, and factory overhead totaling $6,900 per year including depreciation of $5,300 per year. Income tax expense is $4,000 per year based on a tax rate of 40%. What is the payback period for the new machine? Multiple Choice o o Ossen o 1157 years