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 $120,000 with a 12-year life and no salvage value. It will be depreciated on a straight-ine basis. The company expects to sell 48,000 units of the equipment's product each year. The expected annual income related to this equipment follows Sales Costs s 75,000 Materials, Depreciation on new equipment Selling and adeinistrative ex and overhea ept-depreciation on new equipment) 40,000 10,000 7,500 57,500 17, 5e0 Total costs and expenses Pretax incom Income taxes Net incone aox) 5 10, 500 1. Compute the paybock period 2 Compute the accounting rate of return for this equipment Complete this n by entering your answers in the tabs bel Required 1 Required 2 Compute the payback Payback Period of investmentAnnual net cash flowPayback period 120 Required 2