Jim's Renovation Services need to purchase a new super hydraulic machine to complete a new job. The initial investment on the machine is $$250,000.$ The machine is expected to generate $$130,000$ in uniform

cash flow each year and it has a five $-$ year expected life.

Required

Compute the payback period.

A$.1\mathrm{.}98$ years

B$.1\mathrm{.}92$ years

C$.1$ year

D$.1\mathrm{.}25$ years

E$.1\mathrm{.}68$ years