The rate of earnings is 10% and the cash to be received in four years is $51,647.00. Determine the present value amount, using the following partial table of present value of $1 at compound interest (round to two decimal points).

Year	6%	10%	12%
1	0.943	0.909	0.893
2	0.890	0.826	0.797
3	0.840	0.751	0.712
4	0.792	0.683	0.636

Select the correct answer.

$48,703.12

$40,904.42

$46,947.12

$35,274.90

Dukes Company is considering the acquisition of a machine that costs $380,889.00. The machine is expected to have a useful life of 6 years, a negligible residual value, an annual cash flow of $88,578.84, and annual operating income of $89,527.00. Determine the estimated cash payback period for the machine (round to one decimal point).

Select the correct answer.

2.5 years

4.3 years

5 years

3 years