A company is planning to purchase a machine that will cost $36,000 with a six-year life and 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? $102,000 Sales costs: Manufacturing Depreciation on machine Selling and administrative expenses Income before taxes Income tax (356) Net income $56,000 6,000 34,000 $ (96,000) 6,000 (2.100) 3,900 $