Euidd Corporation wants to phatchase o new machine for $298,000 Managoment predicts that the machine can produce salos of $2.05,000 each year for the neext 5 years Exponses are expected to inctude divect materials, direct labor, arid factory overhead (excluding depteciation) totaling $68,000 per year The firm uses straight line investmerits What is the payback period for the new machine (rounded to nearest one-tenth of a year? (Assume that the cash inflows occur everily throughout the year) Multiple Choice 22 yeurs: 2.4 years 28 years. 3.3 years. 39 years