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6.00 points Bartlett Car Wash Co. is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $75,541
6.00 points Bartlett Car Wash Co. is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $75,541 per year. Other information about this proposed project follows Initial investment Useful lide $372.125 7 years Salvage value 44,000 Assume straight line depreciation method is used Required: 1. Calculate the accounting rate of return for Bartett. (Round your percentage answer to 2 decimal places.) Spea 217-8 2. Calculate the payback period for Bartlett. (Round your answer to 2 decimal places)
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