Perry Enterprises is considering purchasing a new machine with a total cost of $31,600 and a useful life of 4 years. The machine will produce net cash inflows of $7,600 over its useful life and has a residual value of $1,510. What is the payback period for the new machine? If Perry Enterprises requires a 5 year payback would they purchase the new machine? O A. 4.16 years and purchase the new machine B. 5.19 years and not purchase the new machine C. 3.47 years and purchase the new machine D. 4.16 years and not purchase the new machine