Week 8 Quiz Saved Help Save & Exit Submit 5 Assume that a company buys a new machine for $220,000 that has a useful life of five years and a $20,000 salvage value. The new machine will replace an old machine that can be sold for a salvage value of $10,000. The machine will generate Incremental contribution margin of $52,500 per year. The only fixed expense associated with the new machine Is its annual depreciation of $40,000 per year. What is the payback period for this Investment? 4 points Multiple Choice O 4.0 years O 110 years O 4.167 years O 10.0 years