A company is considering the purctiase of a new machine for $54,600. Management predicts that the machine can produce sales of 517.000 each year for the next fo years. Expenses are expected to include direct materials, direct labor, and factory overtiead totaling $14,400 peryear, including depreclation of $3,400 per year, What is the payback period for the new machine? Musiple Chaice 1220 years 5.20 years 910 years 2020 yaors 770 years