A company is considering the purchase of a new machine for $63,000 Management predicts that the machine can produce sales of $17.500 each year for the next 10 years. Expenses are expected to include direct materials, direct labor, and factory overhead totaling $6,500 per year including depreciation of $5,500 per year Income tax expense is $4,400 per year based on a tax rate of 40% What is the payback period for the new machine? Multiple Choice Multiple Choice o 360 years. o 663 years. o 5.21 years. o 11.45 years. o 42.00 r