ezto.mheducation.com + M Question 6 - Test 3 - Connect Course Hero Saved Help Save & Exit Submit Test 3 A company is considering the purchase of a new machine for $64,860. Management predicts that the machine can produce sales of $18,500 each year for the next 10 years. Expenses are expected to include 6 direct materials, direct labor, and factory overhead totaling $15,600 per year, including depreciation of $4,000 per year. What is the payback period for the new machine? 8 Multiple Choice 00:34:46 O 12.50 years. O 6.50 years. O 9.40 years. O 20.50 years. O 8.00 years.