Valley Hospital is considering the purchase of new medical equipment for $25,000. The old equipment has zero salvage value. The costs associated with operating the equipment are:

Old EquipmentNew EquipmentLabour$9,000$4,500Maintenance2,0001,200Miscellaneous1,5001,300Amortization8,0004,750

If the new machine is purchased and ignoring income taxes, the payback period is:

Group of answer choices

A:3.57 years

B;4.55 years

C:2.13 years

D:2.86 years