Urbana Corporation is considering the purchase of a new machine costing $75,000. The machine would generate net cash inflows of $24,214 per year for 5 years. At the end of 5 years, the machine would have no salvage value. Urbanas cost of capital is 12 percent. Urbana uses straight-line depreciation. The investments payback period in years (rounded to two decimal points) is: 3.30 3.10 4.00 9.48