Assume a company is going to make an investment of $450,000 in a machine and the following are the cash flows for the machine in years one through four. What is th payback period? Cash Flows Year 1 $150,000 Year 2 $180,000 Year 3 $70,000 Year 4 $70,000 000 3 years, 86 days 3 years, 313 days 3 years 71 days 3 years, 260 days 8 2 points Assume a company is going to make an investment of $450,000 in a machine and the following are the cash flows for the machine in years one through four. What is th present value assuming a discount rate of 8%? Cash Flows Year 1 $150,000 Year 2 $180,000 Year 3 $70,000 Year 4 $70,000 ($292,440.18) ($496,083.13) ($46,083.13) ($49,769.78)