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Anglemenesis Company is planning to spend $84,000 for a new machine, to be depreciated on a straight-line basis over 10 years with no salvage value.

Anglemenesis Company is planning to spend $84,000 for a new machine, to be depreciated on a straight-line basis over 10 years with no salvage value. The related cash flows, net of taxes, are expected to be $10,000 a year for each of the first 6 years and $12,000 for each of the next 4 years. What is the payback period?(Points : 11)

4.4 years 7.6 years 7.8 years 8.0 years

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