MC Qu. 92 A company is planning... A company is planning to purchase a machine that will cost $26.400, have a six-year life, and be depreciated over a six-year period with 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? $102,000 Sales Costs Manufacturing Depreciation on machine Selling and administrative expenses Income before taxes Income tax (35) Net Income $52,400 4.400 34,000 (90,800) $ 11,200 (3,920) $ 7,280 Multiple Choice O 363 years 274 years 3,63 years, 2,74 years, 725 years, 2.26 years. 600 years