20 POINTS Analytical Worksheet - Question # 4 Payback Period A Hospital is trying to determine the payback period for a piece of X-Ray equipment it is purchasing. The assumptions are as follows: Purchase price of equipment = $750,000. Useful life of the equipment - 10 years. Revenue the machine will generate per year = $11,000. Direct operating costs associated with earning revenue = $225,000 Depreciation expense per year = $70,000. a. b. c. Find the machine's expected net income Find the annual cash inflow the machine is expected to generate Compute the payback period