3 $ 285,800 Sales Costs Materials, labor, and overhead (except depreciation on new equipment) Depreciation on new equipment Selling and administrative expenses Total costs and expenses Pretax income Income taxes (50%) Net income 152,eee 38,000 28,500 218, see 66,500 33,250 $ 33,250 SK 1. Compute the payback period. 2. Compute the accounting rate of return for this equipment Comunlete the 3 $ 285,800 Sales Costs Materials, labor, and overhead (except depreciation on new equipment) Depreciation on new equipment Selling and administrative expenses Total costs and expenses Pretax income Income taxes (50%) Net income 152,eee 38,000 28,500 218, see 66,500 33,250 $ 33,250 SK 1. Compute the payback period. 2. Compute the accounting rate of return for this equipment Comunlete the