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explain! The Sunset Boulevard Straw Company specializes in decorative straw baskets. Currently, the company is analyzing purchase alternatives for an automated machine. Data relevant to

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The Sunset Boulevard Straw Company specializes in decorative straw baskets. Currently, the company is analyzing purchase alternatives for an automated machine. Data relevant to the decision are as follows: Machine A Machine B Cost $90,000 $82,000 Useful Life 5 years 5 years Residual life $2,000 $3,000 Estimated annual Net Cash Flows $35,000 $30,000 The Present Value Multipliers at 12% are given: Dollar received at the end of 5 years Dollar received at the end of each of the 5 years 0.567 3.605 [6] Compute the payback period for each of the alternatives. Round answers to two decimal places

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