A company is planning to purchase a machine that will cost $79,200, have a sox-year she, and will have no salvage value. The company expects to sell the machines output of 1000 units evenly throughout each Apr income statement for each year of the assets life appears below What is the payback penod for this machine? Sales Costs: Manufacturing $270,000 $ 162,000 Depreciation on machine 4,000 Selling and administrative expenses 90,000 (256,000) $ 14,000 Income Multiple Choice 13.20 years 4.40 years O O 110 year 26.40 years