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Purvell Corporation Has Just Acquired a New Machine with the Following

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Purvell Corporation has just acquired a new machine with the following characteristics (Ignore income taxes.) : Purvell Corporation has just acquired a new machine with the following characteristics (Ignore income taxes.) :   The company uses straight-line depreciation and a $5,000 salvage value. Assume cash flows occur uniformly throughout a year except for the initial investment and the salvage at the end of the project.The payback period is closest to: A)  3.33 years B)  3.0 years C)  8.0 years D)  2.9 years The company uses straight-line depreciation and a $5,000 salvage value. Assume cash flows occur uniformly throughout a year except for the initial investment and the salvage at the end of the project.The payback period is closest to:

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