$2$

Bartlett Car Wash Company is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $$112,442$ per year. Other information about this proposed project follows:

$1111$

points

Skipped

eBook

Hint

Ask

Initial investment Useful life $$511,100$ Salvage value $10$ years

$$42,000$

Assume straight line depreciation method is used.

Required:

Calculate the accounting rate of return for Bartlett.

Note: Round your percentage answer to $2$ decimal places.

Calculate the payback period for Bartlett.

Note: Round your answer to $2$ decimal places.

$\backslash$table$[[1.$ Accounting Rate of Return,,$\%],[2.$ Payback Period,,years$]]$

References

Me

Graw

Prev

$2$ of $9$

Next