ter 11 Saved Help Save &Exit Submi A company is considering the purchase of a new machine for $53,000 Management predicts that the machine can produce sales of $16.500 each year for the next 10 years. Expenses are expected to include direct materials, direct labor, and factory overhead totaling $7.500 per year including depreciation of $4.500 per year. Income tax expense is $3.600 per year based on a tax rate of 40% what is the payback period for the new machine