Help Save & Exit Su TB MC Qu. 11-89 A company is planning to purchase a machine... A company is planning to purchase a machine that will cost $24,000 with a six-year life and no salvage value. The company expects to sell the machine's Output of 3,000 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. What is the payback period for this machine? $90,000 Sales Costs: Manufacturing Depreciation on machine Selling and administrative expenses Income before taxes Income tax (50%) Net income $52,000 4,000 30,000 (86,000) $ 4,000 (2,000) $ 2,000