Current Attempt in Progress

Pharoah Company is considering buying a machine for $$200000$ with an estimated life of $5$ years and no salvage value. The straight$-$

line method of depreciation will be used. The machine is expected to generate net income of $$10000$ each year. The cash payback

period on this investment is

$4\mathrm{.}0$ years.

$20\mathrm{.}0$ years.

$2\mathrm{.}0$ years.

$5\mathrm{.}0$ years.