In January 1, 2019. MUFEED manufacturing company acquired a new machine that costs $180.000. The new machine is expected to generate $40,000 in cost savings annually for five years. The terminal value at the end of five years is $10,000. Assume straight-line depreciation is used. Calculate the payback period for the new machine. Select one: O a. 4.20 years b. 4.00 years O c.3.00 years d. 4,50 years