Malive Park Department is considering the purchase of a new machine. The cost of the machine will be $119,000. Working capital associated with the purchase of the new machine is $10,000 and is expected to be fully recovered at the end of the machine's useful life. The annual cost savings if the new machine is acquired will be $35,000. The machine will have a 5-year useful life, at which time the salvage value is expected to be zero. Malive Park uses straight-line depreciation with zero terminal disposal value for this type of purchase. Malive Park has a 12% required rate of return and pays taxes at a rate of 30%. What is the payback period for the investment? O A. 4.08 years O B. 5.26 years O C. 485 years O D. 3.76 years