Assume that a company buys a new machine for $220,000 that has a useful life of five years and a $20.000 salvage . The new machine will replace an old machine that can be sold for a salvage value of $10,000 The machine will generate incremental contribution margin of $75,000 per year. The only food expense associated with the new machine is its annuel depreciation of $40,000 per year. What is the payback period for this investment? Multiple Choice 3 years 98 years 0 2 years 2367 year