A company is planning to purchase a machine that will cost $64,500, 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 4.30 years. 12.90 years. 1.08 year. 6.45 years. 25.80 years