MC Qu. 89 A company ls planning... A company is planning to purchase a machine that will cost $48,000 with a six-year life and no salvage value. The company expects to sell the machine's output of 3,000 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. What is the payback period for this machine? Sales Costs: Manufacturing Depreciation on machine Selling and administrative expenses Income before taxes Income tax (40%) Net income s 117,000 $61,000 8,000 39,000 (108,000) $ 9,00e (3, 609) $ 5,400 Mutiple Choice 800 yeara