Question: Question 2 0.35 pts A machine is purchased for $88,338. It has savings of $28,137 the first year, $15,072 the second year, and $123,113 each

Question 2 0.35 pts A machine is purchased for $88,338. It

Question 2 0.35 pts A machine is purchased for $88,338. It has savings of $28,137 the first year, $15,072 the second year, and $123,113 each remaining year until it is scrapped at the end of year 7. What is the payback period for the machine? Enter your answer as 1.23-round your answer to 2 decimal places

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