Jell Company is considering the acquisition of a machine that costs $581,103.00. The machine is expected to have a useful life of 6 years, a negligible residual value, an annual cash flow of $83,553.00, and annual operating income of $71,020.05. Determine the estimated cash payback period for the machine (round to one decimal points).

Select the correct answer.

1.2 years

8.2 years

7.0 years

9.4 years