plz help me with the correct answer, the Answer below is not correct

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 a. Machine Expected Net Income: Net Income = Total revenue - (direct operating cost + depreciation) =$11,000 *10- ( S225000 + $70,000 * 10 years) $11,0000 - $925,000 = Loss of $815,000 There will be loss of $815,000 from machine b. Annual Cash inflow that machine expected to generate: Revenue per year = $11,000 Less: Direct const associated with it =($225,00) (225,000 for 10 years) =225,000/10 Net - ($11,500) Add Non-cash expensed (Deprecation of 70000) $70,000 Annual cash inflow $58,500 c. Payback period: Payback period purchase price of the machine = $750,000 = 12.82 years Annual cash inflow - $58,500