The Huntzberger Publishing Corporation is contemplating the acquisition of a state-of-the-art printing press. The following information is relevant The cost of the printing press is $180,000 The anticipated revenue from the printing press is $120,000 per year. The useful life of the car wash is 12 years. Annual operating costs are expected to be: Salaries. $40,000 Utilities. 10,000 Power usage... 4,600 Supplies 6,400 Repairs/maintenance.......................... 12,000 The firm uses straight-line depreciation, The salvage value for the car wash is zero. The company's cutoff points are as follows: Payback 4 years Internal rate of return........... 16% Ignore income taxes. C. Compute the payback period. Select one or more a 2.55 years b.3.83 years c.5.19 years d. 4.00 years