A company is planning to purchase a machine that will cost $$79,200,$ 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 life appears below. What is the payback period for this machine?

Multiple Choice

$13\mathrm{.}20$ years.

$6\mathrm{.}60$ years.

$4\mathrm{.}40$ years.

$26\mathrm{.}40$ years.

$1\mathrm{.}10$ year.