B28 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 $168,000 with a 12-year life and no salvage value. It will be depreciated on a straight-ine basis. The company expects to sell 67,200 units of the equipment's product each year. The expected annual income related to this equipment follows. Sales Costs $105,000 Materials, labor, and overhead (except depreciation on new equipment) 56,000 14,000 10,500 80,500 24,500 12,250 $ 12,250 Depreciation on new equipment Selling and administrative expenses Total costs and expenses Pretax income Income taxes (50) Net income 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 belovw Compute the payback period Choose Denominator:Payback P Choose Cost of inve 183,7501 = 0.91 years