Question 23 Not yet answered Marked out of 2.00 P Flag question A company is considering purchasing a machine that costs $400,000 and is estimated to have no salvage value at the end of its 8-year useful life. If the machine is purchased, annual revenues are expected to be $100,000 and annual operating expenses exclusive of depreciation expenses are expected to be $38,000. The straight-line method of depreciation would be used. The cash payback period on the machine is: Select one: a. 3.2 years b. 30 years c. 33.3 years d. 4.5 years e. 6.45 years f. 6