A company is planning to purchase a machine that will cost $57000 with a sik-year life and no salvage value. The com expects to sell asset's life appears below. What is the payback period for this machine? pany the machine's output of 3,000 units evenly throughout each year. A projected income statement for each year of the Sales Costs: Manufacturing Depreciation on machine Selling and administrative expenses Income before taxes Income tax (35%) Net income 147,000 $71,000 9,500 52,000 (132,500) 14,500 (5,075) $ 9,425