Question: would someone be able to help answer this A company is planning to purchase a machine that will cost $57,600 with a six-year life and
would someone be able to help answer this

A company is planning to purchase a machine that will cost $57,600 with a six-year life and no salvage value. The company expects to sell the machine's output of 3,000 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. What is the payback period for this machine? Sales Costs: Manufacturing Depreciation on machine. Selling and administrative expenses Income before taxes. Income tax (40%) Net income $70,000 9,600 50,000 $ 144,000 (129,600) $ 14,400 $ (5,760) 8,640 6.00 years. 3.16 years. 184 year. 13.33 years. 6.67 years
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