Question: Vander Company is considering purchasing a machine that would cost $510, 510 and have a useful life of 8 years. The machine would reduce cash

Vander Company is considering purchasing a machine that would cost $510,

Vander Company is considering purchasing a machine that would cost $510, 510 and have a useful life of 8 years. The machine would reduce cash operating costs by $100, 100 per year. The machine would have a salvage value of $107, 290 at the end of the project. Compute the payback period for the machine. (Round your answer to 2 decimal places.)

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