Arvada Co. is considering the purchase of equipment that would allow the company to add a new product to its line. The eaulpment is expected to cost $96,000 with a 12 -year Hfe and no salvage value. It will be depreciated on a straightiline basis, The company expects to sell 38.400 units of the equipment's product each year. The expected annual income telated to this anuilinasi follows. 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. Compute the accounting rate of return for this equipment