the payback period is not 12.82 please help with correct answers

Edt Insert Format Help Al changes saved-IM/Downytical Ex HSA3040 BIUSA QQ Cal A F G H 1 N 0 R S T 3 4 5 6 7 Analytical Worksheet - Question #4 2 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, Find the machine's expected net income Find the annual cash inflow the machine is expected to generate Compute the payback period 8 10 + 11 12 a. 14 b. 15 C 16 12