. . ABC Company is considering the purchase of a new machine for $68,000 Management predicts that the machine can produce sales of $19,000 each year for the next 10 years. Expenses are expected to include direct materials, direct labor, and factory overhead totaling $7,000 per year (including depreciation of $6,000 per year). Income tax expense is $4,800 per year based on a tax rate of 40% What is the payback period for the new machine? Multiple Choice 5.15 years 8.50 years 22.67 years Prey 3 of 11 Next >