13. Surf Corp. is considering the purchase of a new piece of equipment. would result in an annual increase in net income of $50,000. The equipment will have an $600,000 and have an 8-year life. The equipment has no salvage value. The hur taxes. Answer the following The cost savings from the equipment initial cost of dle rate is 10%. Ignore income a. What is the accounting rate of return? b. What is the payback period? C. What is the net present value