answer to me question

1 points Save Answer Costanza Company is considering to buy a machine is as follows: Investment $300,000 Revenues $200,000. It is expected, the revenue increase by 5% annually. Variable costs 30% of revenue Fixed costs $50,000 ( 50% is out of pocket cost) Weighted average cost of capital 8% Tax rate 40% The machine is considered 10-year property for tax purposes. Salvage value at the end of year ten is expected to be $50,000. Assume all cash flows occur at the end of the year. (Round to the nearest dollar.) From the given information, the payback period of this investment is ( rounded two decimal places) O 1.5 year 3.87 years 3.54 year None of the above