TB MC Qu. 11-89 (Algo) A company is planning to purchase a machine... A company is planning to purchase a machine that will cost $39,552, have a six-year life, and will have 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? Sales Costs: Manufacturing Depreciation on machine Selling and administrative expenses Income $ 86,400 4,000 48,000 $ 144,000 (138,400) $ 5,600