Question 1 2 Points Indigo Company is considering the purchase of a new machine. The invoice price of the machine is $73,920, freight charges are estimated to be $2,940, and installation costs are expected to be $5,670. The annual cost savings are expected to be $21,000 for 10 years. Calculate the cash payback period.

Indigo Company is considering the purchase of a new machine. The invoice price of the machine is $73,920, freight charges are estimated to be $2,940, and installation costs are expected to be $5,670. The annual cost savings are expected to be $21,000 for 10 years. Calculate the cash payback period