Question 3 3.33 pts EFG Company has an opportunity to invest in a new project. The project requires a $240,000 investment for new machinery with a four year life and no salvage value. After deducting the machine's straight-line depreciation expense, the company projects annual net incomes of $39,900 over the next four years. What is the project's payback period? More than 7 years 4.00 years None of the answers are correct. 6,02 years 2.40 years