B2B 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-line basis. The compamy expects to sell 67,200 units of the equipment's product each year. The expected annual income related to this equipment follows. Sales Costs s 1e5,ee0 Materials, labor, and overhead (except depreciation on new equipment) 56,000 14,000 10,500 Depreciation on new equipnent Selling and administrative expenses Total costs and expenses Pretax incose Income taxes (40%) iet Income 24,500 9,888 $ 14,7ee 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. Required 1 Required 2 Compute the payback period. Payback Period Choose Numerator: Choose Denominator:Payback Period Payback period Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the accounting rate of return for this equipment. Accounting Rate of Return Choose Denominator: Accounting Rate of Return | Accounting rate of return Choose Numerator: K Required 1