2) What is the accounting rate of return for a project that is estimated to yield total income of $363,000 over three years and costs $850,000? (Round your answer to 2 decimal places. (i.e. .1234 should be entered as 12.34%.))

Accounting Rate of Return

%

3) A project has estimated annual net cash flows of $62,000 and is estimated to cost $365,800. What is the payback period? (Round your answer to 2 decimal places.)

Payback Period

Years