The Snacks Galore is looking to expand its business by adding a new line of vending machines. The management team is considering expanding into either soda machines or snack machines Following is the relevant financial data relating to the decision Soda Snack Machines Machines Investment $100,000 $150 000 Useful life (years) 5 10 Estimated annual net income generated over useful life $30,000 $18,000 Residual value $10,000 $5,000 Depreciation method straight-line straight line Income tax rate 20% Required rate of return 896 124 20% Calculate the payback period for the snack machines Select one: a. 4.62 years b. 4.46 years c. 2.00 years d. 455 years e. 2.08 years