A company is planning to purchase a machine that will cost $58,788, have a six-year life, and will have no salvage value. The company expects to sell the machine's output of 3,000 units evenly throughout each year. A projected income statement for each year of the asset's site appears below. What is the payback period for this machine? Sales Costs: Manufacturing Depreciation on machine Selling and administrative expenses. Income $ 207,000 $ 124,200 (197,200) 4,000 69,000 $ 9,800 Multiple Choice 4.26 years. 25.56 years.