Degnan Dance Company, Inc., a manufacturer of dance and exercise apparel, is considering replacing an existing piece of equipment with a more sophisticated machine. The following information is given. Given the information in Table 11.4, compute the payback period. Table 11.4 Earnines before Denreciation and Taxes A) 3.86 years B) 4.05 years C) 5 years D) 4.5 years