Question: Marigold Inc. is considering purchasing a machine that costs $207000 and is estimated to have no salvage value at the end of its 4-year useful

Marigold Inc. is considering purchasing a machine that costs $207000 and is estimated to have no salvage value at the end of its 4-year useful life. The straight-line method of depreciation is to be used. Projected annual cash inflows and outflows are as follows: Expected Annual Expected Annual Year Cash Inflows Cash Outflows $76000 $21000 2 97000 28000 3 98000 15000 4 76000 28000 The cash payback period is O 3.00 years. O 2.59 years. O 2.25 years. O 3.20 years

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