Burgers R Us purchased a new fryer for $48,000 to replace its old fryer. The new fryer has a 8 year life and an expected salvage value of $6,000. The old fryer will be sold immediately for its salvage value of $8,000. Annual cost savings from the new fryer are expected to be $10,000 per year. The payback period of the new machine is closest to: Multiple Choice 0 4.8 years 0 2.7 years 27 years 0 7.0 years 70 years 0 4.0 years 4.0 years