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Sunland Co . is considering purchasing a new machine that will cost $ 2 3 4 6 0 0 , but which will decrease costs

Sunland Co. is considering purchasing a new machine that will cost $234600, but which will decrease costs each year by $46000. The useful life of the machine is 10 years. The machine would be depreciated straight-line with no residual value over its useful life at the rate of $23460? year. The payback period is
5.6 years.
5.1 years.
6.1 years.
10.0 years.
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