Save & Exit Sul TB MC Qu. 24-89 A company is planning to purchase a machine... A company is planning to purchase a machine that will cost $57,000 with a six-year life and 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? $ 132,000 Sales Costs: Manufacturing Depreciation on machine Selling and administrative expenses Income before taxes Income tax (30%) Net income $66,000 9,500 44,000 (119,500) $ 12,500 (3,750) 8,750 $ Multiple Choice