828 Co. Is considering the purchase of equipment that would allow the company to add a new product to its line. The equilpment is expected to cost $408,000 with a 12-year life and no salvage value. It will be deprecilated on a straight-ine basis. The company expects to sell 163,200 units of the equipments product each year The expected annual Income related to this equipment follows 255,000 Depreciation oe sev eqaipment 4,000 Selling and adninintrative expenses Total costs and expenses Pretax incone Income taxen (20) 11,900 47,600 Net incone 1 Compute the payback period 2. Compute the accounting rate of return for this equipment Complete this question by entering your answers in the tabs below Compute the payback period. Payback Perlod Payback perod Prey 60113 Next > MacBook Air 5 3