If the cost of a project is $80,000 and the cash inflows are as given in the table below, what is the payback period for the project? Year CF 1 $15,000 2 3 $21,000 $27,000 $35,000 $38,000 4 5 4.2 years 2.8 years 3.5 years 3.0 years 3.9 years Messer Corporation purchased a machine for $60,000 and depreciated it straight- line to zero over its 8-year life. After five years, Messer sold the machine for $25,000. If Messer has a 21% tax rate, what is the cash flow associated with the sale of the machine? O $25.000 $24,475 $25,525 $27,500 $22.500