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Please help me with this question. And show your work so that I understand. Thank you!! Saved QUESTION 12 7 points An alternative for producing

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Please help me with this question. And show your work so that I understand. Thank you!!

Saved QUESTION 12 7 points An alternative for producing a pesticide will have a first cost of $400,000 and annual costs of $40,000. Income is expected to be $120,000 per year. What is the payback period at 6% per year interest Between 5 & 6 years Between 6 & 7 years between 7 & 8 years Between 8 & 9 years

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