6 82B Co. is considering the purchase of equipment that would allow the company to add a new product to its line. The equipment is expected to cost $360,000 with a 12-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 144,000 units of the equipment's product each year. The expected annual income related to this equipment follows. oints 225,000 Sales Costs 120,000 30,000 22,500 Materials, labor, and overhead (except depreciation on new equipment) Depreciation on new equipment Selling and administrative expenses Total costs and expenses Pretax incone Income taxes (30) Net income eBook 52,500 36,750 Hint 1. Compute the payback period. 2. Compute the accounting rate of return for this equipment Print Complete this question by entering your answers in the tabs below References Required 1 Required 2 Compute the payback period Payback Period Annual net cash flow | Payback period Cost of investment 360,000 Required 2> 2. Compute the accounting rate of return for this equipment. Complete this question by entering your answers in the tabs below. ces Required 1 Required 2 Compute the accounting rate of return for this equipment. Accounting Rate of Return Choose Denominator: Choose Numerator Accounting Rate of Return Accounting rate of return